Meta-credit risk metric CDS rises to record high, bond prices fall.
Meta Platforms' credit risk metric, CDS, rose to a record high, causing bond prices to fall. Data from ICE Data Services shows that the price of Meta Platforms' five-year credit default swaps rose 8.9 basis points to approximately 119.3 basis points per year. Meta plans to invest approximately $825 billion in leasing and contracts, primarily related to artificial intelligence computing power and infrastructure. (Source: ICE Data Services)