(Bloomberg) — Apple Inc. is tapping the high-grade bond market with a sale in as many as four parts.
The longest portion of the offering, a 40-year security, may yield around 150 basis points over US Treasuries, according to a person familiar with the matter.
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Morgan Stanley this month has struggled to attract demand for a $301 million commercial real estate bond tied to a data center in Kansas City.
The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets.
Beyond developments in the Middle East, a big focus will be Friday's release of monthly employment figures, which are projected to show the labor market remained resilient in May.
Being a diversified global bank, Goldman Sachs was "broadly seen favorably as a relatively safe haven type of credit," said Tony Trzcinka, an investment grade portfolio manager at Impax Asset Management.
As climate-fueled urban fires become a more regular occurrence, insurers and utilities are increasingly looking for ways to offload their risk to capital markets.
