High-yield credit spread

Now 3.40 (Oct 22, 2026), before 3.27, a year ago 3.01.

How to read it

The price of risk for companies. Widening spreads have often come before equity drawdowns. Tight spreads mean calm or complacency; the turn matters.

Source: FRED · daily

Connected to

• Stock volatility (VIX)
• Fed net liquidity