Egan-Jones: Apple Bonds Show Strong Credit Doesn't Prevent 50% Losses
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September 03, 2026 – NEW YORK -- Egan-Jones Ratings Co. released an analysis showing how a fixed income investor can select a top-tier issuer, complete rigorous due diligence, and still lose roughly half a position's value.
Apple's 2060 notes have lost half their value since issuance
The commentary centers on Apple's 2.55 percent senior notes due 2060, issued in August 2020 at approximately par. The notes traded near 68 percent of par in December 2023 and have since fallen to about half of par, quoted at 50.92 on the Frankfurt Stock Exchange on August 27, 2026.