CoreWeave's bonds yielded 14.8% on 14 October. The average junk bond paid 8.2%.

Guess where a 14.8% yield sits on the rating ladder, then scrub three years of ICE BofA index yields and spreads (FRED, daily to 6 Nov 2026) and see how a bond price of 79.5 turns into that yield. Note: the 16% in some headlines was the share price drop.