The tweet was deleted by the author.
But we saved everything 🙂.
Yields on CCC-rated junk bonds have reached their highest point since 2020, with borrowing costs now at 16 percent. As cheap debt matures, refinancing is increasingly difficult, resulting in a mounting burden for weaker issuers.
Alexander Stahel, founder and CIO of Commodity Private Equity Fund, described this situation as a sign that the era of cheap money is ending for the most vulnerable borrowers.
View post on X Loading...
Stahel previously noted that both debt and equity investors have become uneasy with CoreWeave’s financing costs. In a separate instance, he reported that two customers accounted for 20% of Anthropic's H1 2026 revenue. These earlier observations reflect his focus on credit risk and client concentration in company funding.