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Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans

Bloomberg Markets Friday 09 October 2026, 14:34 UTC By Zahra Tayeb 1 min read
Key Points

Bonds Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX’s announcement that it will buy US spectrum that will help the company become a “major mobile carrier” in the US. Verizon’s 6.05% note due in 2058 widened 22 basis points to 220 basis points as of 10:30 a.m. in New York, according to Trace data. If that level holds, it would be a record spread for the security — which was issued in...

Bonds Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX’s announcement that it will buy US spectrum that will help the company become a “major mobile carrier” in the US. Verizon’s 6.05% note due in 2058 widened 22 basis points to 220 basis points as of 10:30 a.m. in New York, according to Trace data. If that level holds, it would be a record spread for the security — which was issued in May. AT&T’s bonds were wider by as much as six basis points in lighter trading than Verizon’s debt. The firms’ shares also sold off Friday.
Verizon (LOCATION) AT&T (ORG) SpaceX (ORG) Wireless-Service (ORG) Verizon Communications Inc. (ORG) AT&T Inc. (ORG) US (LOCATION) New York (LOCATION) Trace (ORG)
Originally published by Bloomberg Markets Read original →

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