U.S. equities rose a second day as crude oil’s recovery underpinned energy share gains. Treasuries dropped after jobs data reignited speculation that the Federal Reserve will raise interest rates this year, damping currency volatility.

China’s credit-rating outlook was lowered to negative from stable at Moody’s Investors Service, which highlighted the country’s surging debt burden and questioned the government’s ability to enact reforms just days before leaders gather to approve a five-year road map for the economy.

Just weeks removed from the lowest municipal-bond yields in 50 years, BlackRock Inc. and Citigroup Inc. are imploring investors to buy.

For companies with enough cash on their books, there’s a silver lining to the stormy credit markets: they can buy back their bonds on the cheap.

The derivatives market is sending unprecedented signals that the Federal Reserve is mistaken in its policy-rate path.

It’s too soon for investors to wade back into energy and high-yield debt, even as markets show signs of recovering, according to DoubleLine Capital Portfolio Manager Jeffrey Sherman.