CoreWeave bonds print far below their latest fund marks

Three CoreWeave bonds traded on Thursday morning at prices between 17.22 and 20.88 points below their latest fund marks, with two of them printing below 75.

Why it matters: The gap between where CoreWeave paper actually changed hands on Thursday and the levels at which funds last marked it is now wider than 17 points on three separate bonds, a measurable split between traded prices and carried values.

Data as of Kilambi Research bond signals 21873SAD0-below75-2026-10-15, 21873SAD0-gap15-2026-10-15, 21873SAH1-below75-2026-10-15, 21873SAH1-gap15-2026-10-15 and U2069EAB6-gap15-2026-10-15, from FINRA TRACE public data; bond pages https://news.kilambi.com/leverage/bond/21873sad0/, https://news.kilambi.com/leverage/bond/21873sah1/ and https://news.kilambi.com/leverage/bond/u2069eab6/. Measured trade figures only; the tape records trades, not reasons for them.

CoreWeave paper traded well below its latest fund marks on Thursday morning. The bond with CUSIP 21873SAD0 printed at 73.3513 at 10:23:30 ET, down from a previous print of 78.6464, against a latest fund mark of 94.2279 for the period ending 2026-07-31, a gap of 20.88 points. The bond with CUSIP 21873SAH1 printed at 71.0 at 10:33:48 ET, down from 72.25, against a mark of 88.2193 for the period ending 2026-07-31, a gap of 17.22 points.

A third CoreWeave bond, CUSIP U2069EAB6, printed at 81.7 at 10:35:27 ET, against a previous print of 81.5 and a latest fund mark of 99.2848 for the period ending 2026-04-30, a gap of 17.58 points. The stored trade counts for the three bonds are 2,878, 2,279 and 1,942 trades respectively.

CoreWeave bonds print far below their latest fund marks

Sources