Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
Strategy’s (MSTR) junior preferred stock Stride (STRD) saw its credit spread tighten further at the end of last week, possibly highlighting strong demand for the company’s highest-yielding preferred offering. The spread between the yield of STRD and that of the U.S. 10-Year Treasury Note fell to a new low of 8.12% as of Dec. 12, according to data from Bitcoin for Corporations (the spread has widened back closer to 9% on Monday as bitcoin tumbled below $86,000). Chart showing fixed-rate credit spreads (ST ...