Fears of economic contagion from housing market are driving investors out of the mainland market.
Goldman Sachs, KKR, and Blackstone are among the firms loading up on the assets.
The longest-dated portion of the firm's senior unsecured notes, an 11-year fixed-to-floating-rate note, may yield about 2.05 percentage points over Treasuries.
CEO Jane Fraser targets 'flatter and leaner' organization.
Treasuries also steadied in early trade Tuesday.
Ratings downgrade follows action from Moody's two weeks ago.
The fund aimed to track the stocks picked by CNBC's Jim Cramer.
The downsizing will cost Schwab $400 million to $500 million, it says in a regulatory filing.
Major firm reportedly considering restructuring one of its key operations.
Investors remain concerned about tighter policy amid stubborn inflation.
