[panarky]

Apple has bonds that pay 3.85% that mature in 2043.

They're currently trading at about 95 cents on the dollar, for an effective yield of 4.05%.

There's nearly zero risk that Apple will default. Their bonds sell at a discount because market interest rates have increased since the bonds were issued, making them worth less.

Note that Tesla's bonds yield almost a full percentage point more than Apple's bonds, which reflects Tesla's higher probability of default.

But if investors were really worried about default, they'd demand a lot more than an extra 1%.

See --> https://imgur.com/a/OLKqgga

[Ntrails]

It's worth noting that a 2043 bond is a very very different beast to a 2025 bond. The further in the future maturity happens, the more risk there is of a change in circumstance which results in default.