- It was nearly one year ago to the day when Apple's corporate finance department caught the near-bottom tick in bond yields with its massive debt sale. With yields now having retreated from the peaks seen late in 2013, Apple is at it again, filing for a 7-part debt offering (size yet to be disclosed, but assumed to be around $17B, same as last year).
- The 10-year Treasury yield is up two basis points on the session to 2.72%. One year ago when Apple sold paper, it was sub-2%.
- TLT -0.5%, TBT +1%
- ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TTT, TMF, ZROZ, SBND, TLH, IEI, DLBS, TYO, DTYS, VGLT, UST, UBT, VGIT, TBX, TLO, GSY, ITE, SCHR, TENZ, DTYL, LBND, TYD, TYBS, TBZ, FIVZ, DFVL, DLBL, DFVS, TYNS
- Previously: Apple files for 7-part debt offering, launches cheaper MacBook Airs