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High Yield Credit Spread

High Yield Credit Spread (Latest Data - 10/16/26)

Current: HY OAS 3.31% ยท Baa 1.46%

3.31%

Oct 16, 2026 ยท HY 3.31% ยท Baa 1.46%

Baa โˆ’ 10YHigh yield OAS
-0.11%1.29%2.69%4.10%5.50%6.90%Jan 86Feb 94Apr 02Jun 10Aug 18Oct 26

Silver: Moody's Baa corporate yield minus the 10-year Treasury (BAA10Y). Orange: ICE BofA US High Yield OAS (BAMLH0A0HYM2). FRED only publishes about three years of the ICE series as of 2026. Latest Baa 1.46%. Latest HY 3.31%. Updated Oct 20, 2026.

Orange is the junk-bond spread (ICE high-yield OAS). Silver is Moody's Baa minus the 10-year Treasury, which is what FRED still publishes all the way back. The ICE series was cut to a three-year window in 2026.

Data Grade

Baa โˆ’ 10Y Treasury:

A

Market yields, published daily. Moody's Baa is the lowest investment-grade bucket, not junk, but it is the long public credit-spread series.

ICE High Yield OAS:

A

Market-set junk spread. The print is good. The history on FRED is not โ€” about three years as of 2026. Treat the orange line as a recent overlay.