STRF stands out among credit instruments.

The Credit Spread Between STRF and STRD Reaches Record Levels

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

STRF's 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 offerings of Strategy.

Strategy Stocks Are Rising Again

Strategy’s stock prices climbed to approximately 185 dollars, marking a significant increase of about 20% from the level of 155 dollars reached in December. This situation reinforces the improving sentiment in the company's capital structure.