Credit Flow Bonanza Continues, While Apple Taps Market For $5.5 Billion It Doesn’t Need

Another week, another big haul for credit funds. At a time when the market's appetite for corporate bonds is nothing short of insatiable, it comes as little surprise that the latest Lipper data shows blue-chip funds taking in $6.5 billion in the week through August 12. That's less than last week's $7.2 billion, but it hardly matters -- that's splitting hairs. What's ~$700 million between friends during an 18-week streak of inflows? This again speaks to the power of the Fed's backstop for co