I know there are already lots of questions to this effect, but if anyone can point to a good blog post that outlines "Why massively profitable companies with huge amounts of cash sell lots of bonds", I'd love to see it!
I can understand when interest rates are low as part of a "might as well get more money when it's nearly free" mindset, but as that's no longer the case, I don't understand the rationale behind this.
I can understand when interest rates are low as part of a "might as well get more money when it's nearly free" mindset, but as that's no longer the case, I don't understand the rationale behind this.