Latest value and its change over the last week (1W), month (1M), year to date (YTD, where shown) and year (1Y).
Changes in rates are in basis points (bp = 0.01%), changes in inflation in percentage points (pp), changes in prices and indices in %.
US high-yield spread (OAS)
3.29%
as of 19 Oct 2026
1W
+18 bp
1M
+61 bp
1Y
+25 bp
Euro high-yield spread (OAS)
3.31%
as of 19 Oct 2026
1W
+8 bp
1M
+64 bp
1Y
+26 bp
US investment-grade spread (OAS)
0.87%
as of 19 Oct 2026
1W
+4 bp
1M
+10 bp
1Y
+7 bp
US Baa spread vs 10Y Treasury
1.46%
as of 19 Oct 2026
1W
+1 bp
1M
+6 bp
1Y
−24 bp
BTP-Bund spread (monthly)
0.89%
as of Sep 2026
1W
—
1M
+9 bp
1Y
+2 bp
Euro-area spread vs AAA, 10Y
0.63%
as of 19 Oct 2026
1W
+2 bp
1M
+15 bp
1Y
+17 bp
High yield: US vs euro area
The extra yield (the spread) investors demand on lower-rated corporate bonds over government bonds, in the US and in the euro area, from the same provider (ICE BofA).
High-yield spread: US vs euro area
US credit in detail
Investment-grade and high-yield spreads, and a series that goes back to 1986 for comparing past crises.
Investment Grade and High Yield OAS (ICE BofA)
Baa (Moody's) spread vs 10Y Treasury
Sovereign spreads
How much extra yield investors demand to lend to a country compared with Germany: it measures perceived risk (public debt, politics, the stability of the euro area).
BTP-Bund and OAT-Bund 10-year spreads (MONTHLY data)
All euro-area government bonds minus AAA, 10 years (daily)
Every series on this site, with its source and status: Series status.
Sources, rules and known limits: Sources & method.