Economy · United States · Rates and bonds
US high-yield credit spread
3.23 pts on 15 Oct 2026, compared with 3.25 pts on 14 Oct 2026.
- Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more
- 2.59 pts 22 Jan 20254.61 pts 7 Apr 2025
- Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more
- +0.52 ptsfrom 2.71 pts
- Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more
- +0.28 ptsfrom 2.95 pts
- Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more
- 3.09 ptssince 2023
- Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more
- 74thpercentile: higher than 74% of readings since 2023
HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more
percentage points, daily
2.03.04.05.017 Oct 202322 Apr 202515 Oct 2026
Show the data
| Period | percentage points |
|---|---|
| 15 Oct 2026 | 3.23 pts |
| 14 Oct 2026 | 3.25 pts |
| 13 Oct 2026 | 3.16 pts |
| 12 Oct 2026 | 3.11 pts |
| 9 Oct 2026 | 3.11 pts |
| 8 Oct 2026 | 3.15 pts |
| 7 Oct 2026 | 3.09 pts |
| 6 Oct 2026 | 3.03 pts |
| 5 Oct 2026 | 3.12 pts |
| 2 Oct 2026 | 3.10 pts |
| 1 Oct 2026 | 3.24 pts |
| 30 Sept 2026 | 3.12 pts |
| 29 Sept 2026 | 3.08 pts |
| 28 Sept 2026 | 3.02 pts |
| 25 Sept 2026 | 2.93 pts |
| 24 Sept 2026 | 2.80 pts |
| 23 Sept 2026 | 2.73 pts |
| 22 Sept 2026 | 2.68 pts |
| 21 Sept 2026 | 2.66 pts |
| 18 Sept 2026 | 2.68 pts |
| 17 Sept 2026 | 2.70 pts |
| 16 Sept 2026 | 2.70 pts |
| 15 Sept 2026 | 2.76 pts |
| 14 Sept 2026 | 2.71 pts |
The latest 24 readings in this range.
Source: FRED, Federal Reserve Bank of St. Louis, series BAMLH0A0HYM2. Data from 17 Oct 2023.
What it measures
The extra yield investors demand to hold US junk-rated company bonds over Treasuries of similar maturity. FRED publishes only the most recent three years of this series.
Why it matters
It widens when lenders fear defaults, and has tended to move before shares do in a downturn.