Will Apple Bring Sticker Shock to Credit Markets?

The average yield spread on double-A corporate bonds has narrowed by more than 50 basis points since Apple’s last offering, suggesting the iPhone maker could lock in a 10-year rate around 1.25%. To put that in context: Before this year, the U.S. government itself had never borrowed so cheaply. With corporate spreads compressing to historic…

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Apple, Oracle Dump Bonds and Create $300 Billion Hole in Market

As U.S. tax cuts prompt Apple Inc. and other tech companies to bring home their overseas cash hoards, it’s leaving a void in the market for short-term corporate bonds, where those firms had invested much of the money. That’s now making it more expensive for other companies to borrow. Source: Bloomberg   Once the biggest buyers of short-dated corporate…

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