Financial ConditionsICE BofAContinuous
Investment Grade Credit Spreads
What is Investment Grade Credit Spreads?
Yield spread between IG corporate bonds and equivalent-maturity Treasuries.
Why it matters
Measures the market's assessment of corporate default risk.
How to read prints
When it rises
IG credit stress rising; risk-off in safer fixed income.
When it falls
IG spreads tightening; risk appetite firm.
Frequently asked
What are IG credit spreads?⌄
The yield premium investment-grade (BBB- and above) corporate bonds pay over Treasuries. Measured via the ICE BofA US Corporate Index OAS.
What levels are normal?⌄
80-130 bp is mid-cycle. Below 80 bp is tight. Above 200 bp signals recession pricing.
Why do IG spreads matter even when they are narrow?⌄
IG is a much larger market than HY (~USD 8 trillion vs. ~USD 1.5 trillion). Even small moves in IG spreads represent large dollar value-at-risk.
How are IG and HY related?⌄
HY spreads typically move 3-4x more than IG in stress events. The ratio is itself a sentiment indicator.
Track it on Market Ontology
Monitor Investment Grade Credit Spreads in real time on Financial Conditions, alongside regime classification, transmission mapping, and cross-asset context.
| Source | ICE BofA |
| Frequency | Continuous |
| Category | Financial Conditions |
| FRED Series | BAMLC0A0CM |
| Unit | % |
| Related Module | Financial Conditions |
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