Did Apple Just Tell Us When Interest Rates Will Go Back Up?
Apple's large bond sale locks it into current interest rates for borrowing, leading some to wonder if the tech giant knows something we don't.By Cliff Judy | February 3, 2015
For months — even years now — the world has looked to the U.S. Federal Reserve to see when spending would tail off and interest rates would increase. There’s a lot of money to be won or lost based on the timing of your prediction, after all.
But is it possible this whole time we were looking at the whole situation backward?
That was the speculation late Monday into Tuesday as Apple — coming of an iPhone 6-charged quarter in which it posted record profits — announced it would issue $6.5 billion in bond sales. (Video via Apple)