The Real Impact of Rising Rates, and Is Apple About to Break Down? 11/3/22
CNBC's "Fast Money"
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What's Going to Happen to Corporate AAA Rated Investment Grade Debt in 2023?
High quality corporate credit names are losing massive value on their bonds. You could have an investment grade portfolio with high quality names going below 50 cents in a dollar if it's going to match current interest rates. Apple, for example, they issued a lot of long dated debt that had low coupons. And so now as the Fed starts raising rates, that debt must be reprised much lowerIn order for it to match what current market rates are.
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