Stats › Valuation › Credit spreads

High yield spreads went from 2.41% to 21.82% in 18 months

Now 2.79%Low 2.41% (Jun 2007)High 21.82% (Dec 2008)

The current spread sits close to the record low. Note that the record low was set eighteen months before the record high. Source: ICE BofA via Trading Economics, using Federal Reserve data.

A credit spread is the extra yield a risky company pays over its government. US high yield spreads set a record low of 2.41% in June 2007 and a record high of 21.82% eighteen months later. Today's 2.79% describes what the risk pays, not safety.

2.79%Spread now
21.82%Record high
2.41%Record low
about 7.2%All in yield today

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