Sales deluge in July fuels buyer fatigue.

Sales deluge in July fuels buyer fatigue.

Asset manager is now trading directly with inter-dealer brokers.

Asset manager is now trading directly with inter-dealer brokers.

Wake-up call is painful for investors who've gotten used to big returns on junk debt.

Wake-up call is painful for investors who've gotten used to big returns on junk debt.

As investors poured money into mutual funds looking for yield, mutual funds bought corporate bonds.

As investors poured money into mutual funds looking for yield, mutual funds bought corporate bonds.