Apple has proven to be an incredible market timer
Apple today launched a nine-part $12 billion bond sale today. They're mostly fixed bonds ranging from 2 to 30 years.
Other sales were on April 30, 2013 and in early Feb 2015.
Their foreign denominated bond sales have been mixed. In September they sold euro-denominated bonds with EUR/USD at 1.1270. It fell to 1.0550 in less than 3 months but has bounced back.
In Nov 2014, Apple sold yankee bonds for the first time at EUR/USD 1.25 in what was a well-timed sale in the FX market but German bund yields continued to fall to nearly 0%.
In May, Apple solid yen-denominated bonds but it was at nearly the USD/JPY peak.
If their USD-denominated sale proves as well-timed as others, it may be a great time to sell bonds and buy risk assets.
