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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.
Analysts recommend being 'underweight' in emerging-market holdings.
As rate liftoff approaches, FOMC meeting minutes indicate continued concerns about when inflation will hit 2 percent target.
Longest selloff since 2000 continues, as investors prepare for U.S. rate increases and worry about Chinese yuan.
Earnings data for some banks is available on obscure government regulator website before banks make the same data public via earnings announcement.