Giving SpaceX Bond Deal A 'Red Card': Brill

Matt Brill, the head of North American investment grade credit at Invesco, appeared on Bloomberg Real Yield to discuss the inaugural bond sale from SpaceX. Brill issued a red card to the deal, specifically criticizing the secondary market performance. He described the execution of the bond sale as very sloppy. This assessment reflects Invesco's negative view on how the SpaceX bond has performed following its initial offering in the credit markets.