Apple bonds may drive electronic bond trading boom

“Apple Inc.’s new bonds may prove a boon to electronic platforms, with the biggest corporate offering on record spurring trading at a time when dealer inventories were running dry, according to TF Market Advisors,” Mary Childs reports for Bloomberg News.

“The company’s $17 billion sale of bonds this week, its first since 1996, may ‘turn out to be a watershed moment in the world of bond trading,’ Peter Tchir, founder of the New York- based firm, wrote in a note to clients today,” Childs reports. “Trading in the Cupertino, California-based company’s bonds accounted for 3.8 percent of volume yesterday, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.”

Childs reports, “Apple is a well-known company ‘that has solved the problem of too small fragmented issues, at the exact time the dealer community is struggling to provide true liquidity,’ he wrote. Because the debt issues were so big, he said, ‘there is a real shot to turn Apple into the first real electronically traded bond.'”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]

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  1. What a way to bribe Wall Street and the banksters to get off Apple’s back, by putting Apple into a household word for the Bond Market.

    Just wait for the worldwide economic collapse to see this is a bad move by Apple Corporation, even as it “saves” Wall Streeters by lining their pockets.

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