Credit Spread Dashboard
High Yield, Investment Grade, TED, and LIBOR-OIS spread monitor. Credit spreads lead equity markets by 2–4 weeks — widening signals risk-off rotation; tightening confirms risk-on. Refreshes every 15 minutes.
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Credit Stress Level
Current Stress Regime
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SIGNAL: —
HY — bps
Benign
Elevated
Stress
Crisis
Key Spreads
HY Spread
High Yield (HYG − IEI proxy)
bps
1d —
1w —
1m —
IG Spread
Investment Grade (LQD − IEI proxy)
bps
1d —
1w —
1m —
TED Spread
Bank credit risk (SHY − BIL proxy)
bps
1w —
LIBOR-OIS
Banking-system stress indicator
bps
1w —
HY / IG Ratio — Risk Appetite
—
HY spread divided by IG spread.
Higher = risk-off; lower = risk appetite rising.
Higher = risk-off; lower = risk appetite rising.
HY Spread 52-Week Percentile
Where current HY spread sits within the trailing 52-week distribution.
High percentile = historically wide / risk-off.
Equity Leading Signal
Credit leads equity 2–4 weeks
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90-Day Spread History
HY and IG spread (bps) — trailing 90 days
HY Spread
IG Spread
Historical Stress Comparison
| Period | HY Spread (bps) | IG Spread (bps) | TED (bps) | vs Current HY |
|---|---|---|---|---|
| 2008 GFC Peak | 2,182 | 597 | 464 | — |
| 2020 COVID Peak | 1,100 | 373 | 138 | — |
| 2022 Hiking Cycle Peak | 621 | 166 | 40 | — |
| 2021 Post-GFC Tightest | 290 | 75 | 20 | — |
| Current | — | — | — | ◄ live |
Spread proxies: HYG−IEI (HY), LQD−IEI (IG), SHY−BIL (TED), BIL vs OIS estimate (LIBOR-OIS).
Yield proxy = annualised 30-bar log-return differential (directional, not OAS).
52-week percentile computed from rolling 365-day bar history.
Equity implication: widening credit spreads historically lead equity drawdowns by 2–4 weeks.
| Source: /api/credit-spreads
| METHODOLOGY_HASH: credit-spreads-2026-06-06-v1
| Cache 15 min. Auto-refresh every 15 min.