GameStop’s two-year bond, alternatively, tells an attention-grabbing story — one which strikes a way more cautious tone in regards to the chance that Chewy Inc. founder and activist investor Ryan Cohen can revitalize the video-game retailer by a digital transformation. For all of the whipsawing of the corporate’s inventory worth over the previous two months, its debt has been comparatively stoic, suggesting a rocket-ship-like turnaround remains to be something however sure. The bonds final traded on March 5 at 103.5 cents on the greenback to yield 6.34%, or about 620 foundation factors above comparable Treasuries. That worth is definitely a bit decrease than it was on Jan. 13, when the inventory was nonetheless buying and selling at about $30 a share.