Moody's Baa corporate bond spread
Extra yield on lower-investment-grade company bonds over Treasuries.
- Latest
- 1.46 pp
- Previous
- 1.46 pp
- Change
- 0.00 pp
- Frequency
- Daily
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Moody's Baa corporate bond spread
Extra yield on lower-investment-grade company bonds over Treasuries.
- Baa spread
- 1.46 pp
Data table
| Period | Baa spread |
|---|---|
| 19 Oct 2026 | 1.46 pp |
| 16 Oct 2026 | 1.46 pp |
| 15 Oct 2026 | 1.44 pp |
| 14 Oct 2026 | 1.44 pp |
| 13 Oct 2026 | 1.46 pp |
| 9 Oct 2026 | 1.45 pp |
| 8 Oct 2026 | 1.48 pp |
| 7 Oct 2026 | 1.46 pp |
| 6 Oct 2026 | 1.46 pp |
| 5 Oct 2026 | 1.46 pp |
| 2 Oct 2026 | 1.47 pp |
| 1 Oct 2026 | 1.49 pp |
About this indicator
- What it measures
- The yield on Moody's seasoned Baa-rated corporate bonds minus the 10-year Treasury yield.
- How it is calculated
- Calculated by the Federal Reserve Bank of St. Louis from Moody's Baa yield and the 10-year Treasury constant-maturity yield.
- How to read it
- The spread widens when investors worry about defaults or want to hold safer assets, and narrows when credit conditions are easy. It has long history back to 1986, so recent readings can be compared with past recessions.
- Caveats
- The Baa index uses long-dated bonds, so its maturity does not exactly match the 10-year Treasury.
- Frequency
- Daily
- Typical release
- Each business day.
Sources
- Moody's Seasoned Baa Corporate Bond Yield Relative to Yield on 10-Year Treasury Constant Maturity View at the source (opens in a new tab)
Recent observations
Newest first. For a calculated figure, the source value it comes from is shown beside it.
| Period | Baa spread | First recorded here |
|---|---|---|
| 19 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 16 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 15 Oct 2026 | 1.44 pp | 20 Oct 2026 |
| 14 Oct 2026 | 1.44 pp | 20 Oct 2026 |
| 13 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 9 Oct 2026 | 1.45 pp | 20 Oct 2026 |
| 8 Oct 2026 | 1.48 pp | 20 Oct 2026 |
| 7 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 6 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 5 Oct 2026 | 1.46 pp | 20 Oct 2026 |
| 2 Oct 2026 | 1.47 pp | 20 Oct 2026 |
| 1 Oct 2026 | 1.49 pp | 20 Oct 2026 |
| 30 Sep 2026 | 1.47 pp | 20 Oct 2026 |
| 29 Sep 2026 | 1.46 pp | 20 Oct 2026 |
| 28 Sep 2026 | 1.46 pp | 20 Oct 2026 |
| 25 Sep 2026 | 1.46 pp | 20 Oct 2026 |
| 24 Sep 2026 | 1.39 pp | 20 Oct 2026 |
| 23 Sep 2026 | 1.39 pp | 20 Oct 2026 |
| 22 Sep 2026 | 1.42 pp | 20 Oct 2026 |
| 21 Sep 2026 | 1.42 pp | 20 Oct 2026 |
| 18 Sep 2026 | 1.40 pp | 20 Oct 2026 |
| 17 Sep 2026 | 1.44 pp | 20 Oct 2026 |
| 16 Sep 2026 | 1.43 pp | 20 Oct 2026 |
| 15 Sep 2026 | 1.48 pp | 20 Oct 2026 |
Revisions
We record a revision when a value we already hold changes at the source. Tracking began on 20 Oct 2026, so revisions made before then are not shown, and figures are in the source's own units.
No revisions detected
No stored value has changed since tracking began.
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