market_analysis

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.

September 03, 2026 – New York -- Egan-Jones Ratings Co. has published an analysis showing how a fixed income investor can select a top-tier issuer, complete rigorous due diligence, and still lose roughly half of a position's value.

Apple's 2060 notes have fallen from par to about 51 cents on the dollar

The commentary centers on Apple's 2.55 percent senior notes due 2060, issued in August 2020 at approximately par. The bonds traded near 68 percent of par in December 2023 and have since dropped further, with a Frankfurt Stock Exchange quote of 50.92 on August 27, 2026. Egan-Jones attributes the decline to rising longer-term interest rates, a heavy supply of AI-related debt crowding the market, and broader investor unease, compounded by a security that was priced to perfection at issuance.

September 03, 2026 – Beijing -- Chinese-brand passenger vehicles captured 77.4 percent of the domestic market in July 2026, up from 40.3 percent in 2023, as full-chain technology integration and automated "super factories" reshape the global electric-vehicle industry.

September 03, 2026 – Beijing -- China's auto market posted more than 100 all-new models in the first half of 2026, with gasoline-powered vehicles accounting for less than 20 percent of new launches, as new-energy vehicles (NEVs) cemented their dominance over combustion engines.

NEV retail penetration hits 65.1 percent in July, sustaining a shift begun in late 2025

Monthly NEV retail penetration crossed 50 percent at the end of 2025 and stayed above 60 percent from April through July 2026, reaching 65.1 percent in July. More than 80 percent of gasoline-car owners now choose an NEV when replacing their vehicle, even as gasoline-vehicle prices have been cut sharply.