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Deutsche Bank blames Chinese 'quantitative tightening' for rout in global markets.
Those critical of China's interventions equity markets a month ago are now 'screaming' for PBOC to intervene.
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.
Economists expected an increase of 0.2 percent, but instead the index declined by the same amount.