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Subject:  Apple’s Bonds Date:  4/30/2013  4:07 PM
Author:  globalist2013 Number:  34869 of 35576

You’ve gotta love Wall Street. They can spot suckers a mile away and create a structured product to sell to them, meanwhile getting their own fees and profits upfront. Apple (which couldn’t get a triple-AAA rating from either agency) is dumping $17 billion of paper on the market, hoping someone is dumb enough to buy it.

Apple’s yields are also expected to beat those offered by some rival companies. Microsoft, which has a slightly higher rating than Apple, last week issued 10-year bonds that yielded 0.7 percentage points above 10-year Treasuries, says Matt Duch, a taxable fixed income portfolio manager at Calvert Investments, who plans to cut back on his Treasury holdings to get a piece of Apple.

For retail investors,