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Bond Market News
Lumen’s Bonds Jump Higher by Over 2 Points
December 6, 2024
Bonds of Lumen and Level 3 Financing rallied by over 2-3 points across the curve. While there was no news available yet highlighting the move, its bonds have been on an uptrend since late-July. The rally in its notes began on the back of a strategic partnership with Microsoft to drive its digital transformation business. This was then followed by a strategic partnership with Meta to extend network capacity and another agreement with AWS to boost connectivity and network optimization for AI-driven cloud applications. Last month, it concluded a successful tender offer for its notes.
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