Tuesday's News Links

[Bloomberg] Fed's Historic Liftoff and Everything After: Decision Day Guide

[Bloomberg] Stocks Climb as Credit Markets Rally With Brent; Gas Declines

[Bloomberg] Third Avenue, Stone Lion Capital Spark Memories of ’08: Analysis

[Bloomberg] Yuan Declines for Eighth Day in Longest Losing Streak Since June

[Reuters] Billionaire Lasry backs junk bond fund hit with heavy redemptions

[Bloomberg] All Monetary Policy Is Global as Foreign Inflation Tests Yellen

[Reuters] Brazilian police raid homes of parliament speaker Cunha, tourism minister

[Bloomberg] Magnum Hunter Files for Bankruptcy as Gas Hits 14-Year Lows

[Bloomberg] Creditors Bawl: How Investors Ignored Risk of Junk-Bond Rout

[Reuters] China ready to moderate sharp offshore yuan falls: sources

[Bloomberg] Shipping Index Plunges to Fresh Record Amid China Steel Slump

[Bloomberg] 'Chinese Shock' Would Suppress Global Rates, Trade, Fitch Says

[Bloomberg] Fed Dread Turns Mexico Into ‘Whipping Boy’ as ETF Outflows Surge

[WSJ] The Fed at the Brink

[Bloomberg] Imagine a World Where Black Swans Really Do Come True in 2016

[Reuters] Turkey says to take fight to Kurdish militants as violence flares

[Reuters] U.S. Navy commander warns of possible South China Sea arms race

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