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$ORCL bond holders now sit on 9% of unrealized losses on $18 billion of debt issued just this September with the bonds falling to “junk” rating as CDS jump from 1.58 on December 9th to 1.71 December 12, now matching its highest number since the Great Recession. Oracle has made seven attempts to issue new bonds, but has failed in each attempt at $31 billion and $25 billion, grinding its data center projects to a complete halt. $crwv $nvda OpenAI $avgo https://t.co/KviJCWhWLZ
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