SpaceX enters the bond market with yield spreads near multi-decade lows

Odaily News: SpaceX continues to enter the bond market at a favorable time. The benchmark 10-year U.S. Treasury yield closed at 4.507% on Monday, up from 4.450% last Thursday; the yield spread of high-grade corporate bonds relative to U.S. Treasuries is close to multi-decade lows, indicating strong investor demand. D.A. Davidson's head of technology research, Gil Luria, stated that SpaceX's trading price depends more on investor expectations, so it could face significant volatility.