10/16/2026
Investor sentiment towards AI financing - or more pointedly, circular financing - is souring. Rapidly. Coreweave's 9.75% bond issued in July and maturing in 2031 on Wednesday yielded 16% and slumped to a new low in price. Meta's 'Beignet Investor' bond maturing in 2049 is also hovering around its lows, and both bonds are down around 20% from issue. Oracle's 4.9% bond maturing in 2033 registered a record low today. You get the picture.