By Shankar Ramakrishnan
So, Apple did a thing on Monday. They’re jumping into the bond game again after two years of silence—it’s like when your quiet friend suddenly decides to throw a birthday bash. Anyway, this bond thing, it’s a four-parter, apparently. The money? Mostly for buying their own stock back and squaring off some debts. Or maybe something else, who knows?
They didn’t shout out how much cash they’re aiming for, but some folks who are paid to have a clue about this stuff, the CreditSights crew, reckon it’s around $5 to $6 billion. Meanwhile, Apple’s got about $8 billion in debts due from now till November. Yikes, right?
But Apple’s not the only one making moves. There’s a gang (eight more, to be exact) jumping into the investment-grade bond pool this week. Everyone’s expecting around $35 billion in bonds to shake up the market. Like a flash mob, but for money.
This sudden bond fest happens while credit spreads are doing their own little dance. After Trump played his tariff card, spreads bounced around but found some rhythm with recent relief moves. Last Friday, the average investment-grade bond spread was hanging at 106 basis points—whatever that entails. Numbers going up and down, doing their thing.
Anyway, that’s the scoop. Spreads, bonds, debts—it’s all happening, whether we follow along or not.
(Reporting by Shankar Ramakrishnan; Editing by David Gregorio)
