Contribution limits for 401k and IRA accounts are going up by $500 next year. Catch-up contributions for those of us in the 50+ are unchanged. Income limits for Roth accounts and saver's credit also increase. [more]
Corning was one of the borrowers issuing new debt last week. It wasn't the biggest issue, but there's a big spread between the paper it sold and the paper it's buying back. Enough that the company should save about $13 million per year in debt service. [more]
The WSJ is reporting that the SEC is considering bringing back fractional pricing (may req subscription). The title for this post is what the current ask shown for Apple on Yahoo would look like if fractional pricing returned. Years ago, stocks were priced in dollars and fractions with 1/16 as the smallest quote increment. [more]
Corporate bond issues picked up the pace last week with over $40 billion of new credit. [more]
Pipelines moving oil.
Magellan discovers highs.
Good post-split action.
Disclosure: Long Magellan Midstream (MMP)
Here's a rundown of some of the action in last week's new corporate bond issues. [more]
On a search for yield last month, I stumbled across a Barron’s article (may need subscription) profiling a closed-end fund that recently announced “its commitment to an annual 6% minimum distribution rate.” [more]
A few of the highlights from last week's corporate bond issues. The total for the week was $35.8 billion. $16.4 billion of that was from companies based outside the US. [more]
A little excitement in bonds last week. The week's activity pushed September's total corporate bond issues over $100 billion. [more]