High-Yield Spread · Risk AppetiteREACHING FOR YIELD
Is the bond market greedy?
Investors are barely paid to take risk — peak greed.
Holding around here.
2.75% spread — 2.25 pts tighter than the 5% norm. Risk-on.
Lower than 89% of all readings since 2023.
FRED · as of Jul 2026 · computed