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Interest rates & bonds

High-Yield Bond Spread (Junk Bond Spread) Today

The ICE BofA US high-yield option-adjusted spread was 3.48% on Nov 5, 2026, up 0.16 percentage points from 3.32% the previous business day. A year earlier (Nov 5, 2025), the reading was 3.05%.

3.48%
+0.16 pp vs prior day
Nov 5, 2026 · Daily data
Previous3.32%Nov 4, 2026
A year earlier3.05%Nov 5, 2025 · +0.43 pp
1-year high3.48%Nov 5, 2026
1-year low2.60%Aug 28, 2026
High since Nov 20234.61%Apr 7, 2025
Low since Nov 20232.59%Jan 22, 2025

High-Yield Bond Spread: chart

High-Yield Bond Spread, Nov 7, 2025 to Nov 5, 2026Line chart from Nov 7, 2025 to Nov 5, 2026. Latest 3.48%; high 3.48% on Nov 5, 2026; low 2.60% on Aug 28, 2026.2.6%2.8%3.0%3.2%3.4%3.6%Jan '26Apr '26Jul '26Oct '263.48%Low 2.60%
High-Yield Bond Spread, Nov 10, 2023 to Nov 5, 2026Line chart from Nov 10, 2023 to Nov 5, 2026. Latest 3.48%; high 4.61% on Apr 7, 2025; low 2.59% on Jan 22, 2025.2.5%3.0%3.5%4.0%4.5%5.0%2024202520263.48%High 4.61%Low 2.59%

ICE BofA US High Yield Index option-adjusted spread over Treasuries, percent, daily. The chart plots the last reading of each week plus the daily highs and lows; the table below shows daily values.

Latest readings

Daily data
DateSpreadChange (pp)
Nov 5, 20263.48%+0.16
Nov 4, 20263.32%-0.08
Nov 3, 20263.40%-0.03
Nov 2, 20263.43%-0.01
Oct 30, 20263.44%+0.18
Oct 29, 20263.26%+0.12
Oct 28, 20263.14%-0.04
Oct 27, 20263.18%-0.12
Oct 26, 20263.30%-0.08
Oct 23, 20263.38%-0.02
Oct 22, 20263.40%+0.13
Oct 21, 20263.27%-0.06
Oct 20, 20263.33%+0.04
Oct 19, 20263.29%-0.02
Oct 16, 20263.31%+0.08
Oct 15, 20263.23%-0.02
Oct 14, 20263.25%+0.09
Oct 13, 20263.16%+0.05
Oct 12, 20263.11%0.00
Oct 9, 20263.11%-0.04
Oct 8, 20263.15%+0.06
Oct 7, 20263.09%+0.06
Oct 6, 20263.03%-0.09
Oct 5, 20263.12%+0.02

pp = percentage points.

Related indicators

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4.84%
-0.06 pp vs prior day
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+0.35%
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Frequently asked questions

What is the high-yield bond spread today?

The ICE BofA US high-yield option-adjusted spread was 3.48% on Nov 5, 2026, up 0.16 percentage points from 3.32% the previous business day. A year earlier (Nov 5, 2025), the reading was 3.05%.

What does a widening credit spread mean for stocks?

Widening spreads mean lenders want more compensation for default risk — a sign that investors see a weaker economy or tighter financial conditions ahead. Stocks, especially smaller and more indebted companies, have historically struggled when high-yield spreads blow out, while steady, tight spreads usually accompany calmer equity markets.

What is a high-yield (junk) bond?

A corporate bond rated below investment grade — below BBB- by S&P Global and Fitch, or below Baa3 by Moody's. Issuers pay higher interest because the risk of default is greater.

What is an option-adjusted spread?

Many high-yield bonds can be redeemed early by the issuer. The option-adjusted spread removes the estimated value of such embedded options, so it measures the credit premium over Treasuries more consistently than a simple yield difference.

Source: ICE Data Indices, via FRED, Federal Reserve Bank of St. Louis (series BAMLH0A0HYM2). Data checked Nov 6, 5:40 PM ET. Not investment advice.