Bed Bath & Beyond Debt Rises Amid Meme Stock Wave

Debt tied to Bed Bath & Beyond Inc. rose Tuesday amid a wave of meme stock buying and a rally in the company’s shares.

• The company’s 3.749% bond due 2024 rose 2 cents on the dollar to 51.75 cents, while its 5.165% notes due 2044 gained 2.5 cents to trade at 31.5 cents as of 12:46 p.m. in New York, according to Trace bond trading data
• The debt was among the top gainers in high-yield

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Olivia Raimonde in New York at oraimonde@bloomberg.net

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