Treasury Department

Rich professionals have found a new way to bypass income limits created by Congress.

The largest allocation to the iShares fund was a block of 10 million shares worth $251 million after the market closed last week.

The Treasury is expected to sell a combined $99 billion of fixed-rate notes this week, in some of its largest offerings since 2010.

Top wealth planners say they’re seeing increased interest in dynasty trusts as clients look to capitalize on the new tax law.

“It’s bad when this happens on a Friday, because then people get freaked out over the weekend.”

The offerings saw decent demand, given the market is facing a deluge of sales following the recent U.S. debt ceiling suspension.

The legislation, opposed by most major asset managers, would repeal a requirement that the riskiest funds allow share value fluctuations.

Three popular debt ETFs reported nearly $1.4 billion in combined outflows this week.

Improved prospects for tax legislation propelled the latest boost in equities.

Coming up with a solution will be challenging because of U.S. sanctions.