Did Apple Just Time The Bond Market Near Perfectly (Again)? Tim Anderson Wonders…

After reporting stellar results last week, Apple Inc. AAPL continues to hoard investors’ attention as it managed to raise a better-than-expected $6.5 billion through a corporate bond sale that took place on Monday. The idea behind this bond sale is funding share buybacks (about $130 billion by the end of 2015) while keeping the company’s overseas cash reserves intact.

Related Link: Are Apple, Netflix's New Bond Offerings Worth Hitting The Buy Button?

Over the past couple of years, the company offered its bonds in two other occasions: in April 2013, it had raised $17 billion, and in April 2014, $12 billion. Similar to these times, investors are wondering: how come Apple’s bonds continue to outperform US Treasury bonds?

Tim Anderson, Managing Director at TJM Investments shared his thoughts about this issue with Benzinga. Here’s what he said:

“Yesterday I believe AAPL sold $3B to $4B of Corporate bonds on a day when the $US 10 year hit a 2 year+ low of 1.65%.” He then continued: “I don’t have the specifics in front of me but my recollection is that when AAPL did their first bond sale in 2013 they very nearly nailed the top of the bond market then.”