Working the phones rather than the keyboard can be costly.

Companies lining up for cash may find unpleasant pricing surprises in U.S. debt market.

Companies lining up for cash may find unpleasant pricing surprises in U.S. debt market.

Conventional wisdom is no longer reliable now that Chinese, European, and U.S. policymakers are dominating bond markets.

Conventional wisdom is no longer reliable now that Chinese, European, and U.S. policymakers are dominating bond markets.

Premium for purchasing junk bonds rather than investment-grade corporate bonds reaches 4.3 percentage points, highest level in nearly three years.

Premium for purchasing junk bonds rather than investment-grade corporate bonds reaches 4.3 percentage points, highest level in nearly three years.

Credit traders gird for the worst as analysts worry Fed may have waited too long to raise rates.