STRF stands out among credit instruments.

The Credit Spread Between STRF and STRD Reached Record Levels

The credit spread between senior STRF and junior STRD reached a record high of 1.5 by the end of November. This situation reflects investors' strong preference for senior positions. In the subsequent period, the spread normalized to a level of 1.3.

STRF Price and Effective Yield

The premium price of STRF reflects high demand for senior protections. However, its effective yield during this period stands at 9.03%, representing the lowest level among the preferred offers of Strategy.

Strategy Shares Rise Again

Strategy’s shares climbed approximately 185 dollars from a significant drop to 155 dollars in December, marking a notable increase of around 20%. This situation reinforces the improving sentiment in the company’s capital structure.