U.S. High-Yield Credit Spreads

U.S. High-Yield Credit Spreads High-yield credit spreads are still below recession level (red line). A widening high-yield spread remains a useful indicator for predicting a coming recession in the current interest rate environment. You may also like “A Widening of Credit Spreads Is Very Useful to Predict a Recession“

Credit Risk – U.S. BBB Spreads

Credit Risk – U.S. BBB Spreads Outside of GFC and the Great Depression, U.S. BBB spreads have never been higher. Image: Deutsche Bank

1-Year Implied Volatility vs. IG Spreads

1-Year Implied Volatility vs. IG Spreads Credit spreads are widening and BofA still sees a rates shock this year. Image: BofA Global Investment Strategy

Stock Correlations with Treasury Yields and HY Spreads

Stock Correlations with Treasury Yields and HY Spreads The correlation between stocks and Treasury yields has broken down since the Pfizer/BioNTech vaccine announcement, while the relationship with HY spreads has remained stable. Image: Credit Suisse

U.S. High Yield Corporate Bond Spreads

U.S. High Yield Corporate Bond Spreads Credit spreads in U.S. high-yield bonds have collapsed. Can high yield spreads only increase from current levels? Image: Topdown Charts

Coronavirus – EM High Yield Spread

Coronavirus – EM High Yield Spread The coronavirus pandemic has left credit spreads at distressed levels for a number of EM high-yield sovereigns. Image: Goldman Sachs Global Investment Research