Speculative grade — also called junk — is a credit rating below investment grade. It means the borrower needs conditions to stay favourable to repay, so investors demand a higher yield and the debt is harder to sell in a panic.
投机级
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Why CoreWeave is in the crosshairs of the AI scare 投机级 · 第 9 张术语卡 | CoreWeave's debt is rated speculative grade; hedge funds bought it for the high yield, which is exactly the money now heading for the exit. 评级下调会触发连锁反应：不少基金章程规定只能持有投资级债券，一旦降级就必须卖出。所以「评级」本身就是一股被动卖盘，会把跌幅放大。 |