This isn’t the first time Apple has had such astute timing in the bond market. The company pulled off what was then the biggest corporate bond issue ever in April 2013. At that point, the yield on the 10-year U.S. Treasury notethe key benchmark against with many interest rates are pricedwas below 1.7%.
“They very nearly nailed the top of the bond market then,” says Tim Anderson, managing director of MND Partners. He points out that rates haven’t gotten back to those low April 2013 levels… until just the past few days.
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