"They'll create a lot of shock waves, and opportunity. This next year is going to be volatile."

The world's second-largest asset manager expects the U.S. economy to slow to below-trend growth, but to avoid a recession.

The second-largest U.S. bank sold $3.5 billion of subordinated bonds in a single tranche.

A sweep of the presidency and Congress by either party might re-accelerate inflation and decelerate the Fed's interest rate cuts.

S&P and Moody's are both considering downgrading the planemaker to junk. If they do, much of Boeing's $52 billion in outstanding long-term debt would be ineligible for inclusion in investment-grade indexes.

Wall Street firms are expected to capitalize on ultra-low credit spreads and strong demand from investors after they report quarterly results.

With September's order books now closed, the velocity of debt sales is becoming clear, shattering records from New York to Beijing.

The long-awaited cuts should make it easier for CCC rated companies to access debt capital markets rather than filing for bankruptcy, but some feel high-yield bonds are currently overvalued.