Bonds . credit spread
High yield spread
What high-yield corporate bonds pay above Treasuries, as an option-adjusted spread. Published by FRED, from ICE BofA.
Spread over Treasuries
348bp
3.48 percentage points. FRED, ICE BofA US corporate option-adjusted spreads, for Nov 5, 2026.
- Days below zero
- 0 of 792
The record
weekly, Oct 30, 2023 to Nov 5, 2026- 1 day
- +16bpfrom Nov 4, 2026
- 1 month
- +45bpfrom Oct 6, 2026
- 1 year
- +43bpfrom Nov 5, 2025
- 5 years
- n/anothing held that far back
- Today in the range held
- 48%0% is the low, 100% the high
FRED, ICE BofA US corporate option-adjusted spreads, close of Nov 5, 2026, supplied Nov 7, 2026.
- Days below zero
- 0 of 792
After inflation
Real yield
-0.24%
the yield after measured inflation
Inflation, twelve months
3.72%
as the index measured it
Nominal yield less the rise in the US consumer price index (CPI-U, all items, seasonally adjusted), US Bureau of Labor Statistics over the twelve months to Sep 1, 2026.
Where it enters a valuation
A credit spread is what corporate borrowers pay above the government curve, which is the other half of a company’s cost of debt. It is a published figure with its day, not a recommendation.