Monday Evening Links

[WSJ] Junk-Bond Selloff Intensifies

[Bloomberg] Third Avenue Sought Internal Loan Approval Before Fund Shut

[NYT] High-Yield Risks Shed Doubts on Strength of U.S. Economy

[NYT] With Fed Set to Lift Interest Rates, the Little Guy Feels Anxious

[Bloomberg] Muni Bonds Backed by Junk Companies Feel Pain of High-Yield Rout

[WSJ] Why China Is Loosening the Yuan’s Ties to the Dollar

[CNBC] Bill Gross: High-yield pain is start of something

[MarketWatch] More than half of millennials have less than $1,000