
First Class Food Fomo
Slate Money
00:00
Elan Musk's Twitter Deal
The bond marketand especially the high yield bond market, the junk bond market is is in a bear market. It's down like 20 %. And most peple when they'r talking about the interest rate on te bond, what they're talking about is the yield, not the coupon. Twitters cash loads are not really strong enough to support 13 billion dollars of debt. That makes thit junk bonds. Junk bond yields are higher than when the banks agree to do this deal. The banks are facing losses. But i don't necessarily think that the bank losses on the bank loan portion of that twitter deal are going to be that big. Same kind of thing is true with tw
Transcript
Play full episode