Last week's $33 billion-plus of new corporate bonds saw new record lows for interest rates and a new record for an emerging-market U.S.-dollar issue.
Procter & Gamble
At least one company was willing to add just a bit of color to its plans for the new money. Praxair's
Corporations continue lining up to take advantage of low interest rates and have been announcing plans to fund share buybacks with debt. Foolish investors should think very carefully before taking the other side of that trade.