$CRWV 5Y CDS ~1,140bp, ~60% implied 5Y default prob.
For context:
• Lehman days before BK: ~790bp
• HY index peak 2002: ~1,010bp
• WorldCom weeks before BK: ~2,100bp
Past the ~1,000bp distress line, not yet in the 2,000bp+ pre-default zone.
- Garry created github.com/garrytan/gstack but didn’t have time to use the skills to create slides for AIE presentation @aiDotEngineer @garrytan
