Credit Default Swaps Trade on Mega-Cap Companies

Credit default swaps have begun trading on several mega-cap companies following a series of debt raises. While these firms previously maintained significant cash reserves, recent financial shifts have increased the perceived risk of default among investors.

Bespoke Investment Group analyzed the rise of these swaps, noting a mixed performance among the ten largest mega-cap companies in 2026. Five of these companies have seen gains while five have experienced losses. Apple Inc. recorded the highest increase for the year at 27.7%.