Brian Chappatta, Columnist

GameStop Is Soaring Again, But Why Aren’t Its Bonds?

Stripping out Reddit’s day traders reveals a more sober look at the company’s outlook.

March 9, 2021 at 5:50 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Debt cuts through the noise.
Photographer: Tiffany Hagler-Geard/Bloomberg

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So you heard in January about the huge rise in shares of GameStop Corp., or what Tesla Inc.’s Elon Musk called #Gamestonk. You might even be aware that the stock is surging again, with a rally nearing 100%.

But have you heard about ... #Gamebond?