Sunday 21 January 2018

Apple $6.5bn bond sales fuel speculation US set to raise interest rates

Apple.
Apple.

AN Apple $6.5bn bond sale has fuelled speculation that the US is set to raise interest rates, Bloomberg reported.

The iPhone maker has issued $6.5 billion of debt, locking in its borrowing costs for three decades.

The sale follows a drop in benchmark Treasury yields, with US 30-year yields falling to a record last week.

A similar bond sale in 2013 coincided with the record low in company borrowing costs.

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