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

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

China's economic slowdown and devaluation of the yuan may exacerbate problems in below-investment-grade, dollar-denominated bonds.

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.