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Credit & Financial Stressdaily

BB HY OAS

ICE BofA BB-rated high-yield OAS, the highest-quality junk bond tier.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The BB HY OAS is currently 166 bps, last updated .

166 bps
1W -1.78%1M -4.60%3M -7.26%
Updated 21m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for BB HY OAS, blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.

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Recent Data

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DateValueChange
May 14, 2026166 bps-2.92%
May 13, 2026171 bps-0.58%
May 12, 2026172 bps+1.78%
May 11, 2026169 bps-2.31%
May 8, 2026173 bps+1.17%
May 7, 2026171 bps+1.79%
May 6, 2026168 bps-0.59%
May 5, 2026169 bps-0.59%
May 4, 2026170 bps+0.59%
May 1, 2026169 bps-2.87%
Apr 30, 2026174 bps+1.16%
Apr 29, 2026172 bps-1.71%
Apr 28, 2026175 bps+0.57%
Apr 27, 2026174 bps-0.57%
Apr 24, 2026175 bps+0.57%
Apr 23, 2026174 bps+0.58%
Apr 22, 2026173 bps-0.57%
Apr 21, 2026174 bps-1.69%
Apr 20, 2026177 bps+1.72%
Apr 17, 2026174 bps-0.57%
Apr 16, 2026175 bps+1.16%
Apr 15, 2026173 bps+0.58%
Apr 14, 2026172 bps-3.91%
Apr 13, 2026179 bps—

Related in Credit & Financial Stress

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ICE BofA High Yield Option-Adjusted Spread, the market's price of default risk.
IG Credit Spread (OAS)
ICE BofA Investment Grade OAS, credit stress in high-quality corporate bonds.
HY Effective Yield
HY corporate bond effective yield, total return required by junk bond investors.
IG Effective Yield
IG corporate bond effective yield, cost of investment-grade corporate borrowing.

Explore Further

Forecast 2026
BB HY OAS Outlook
Scenario-weighted forecast using regime implied approach.
Category
All Financial Conditions Data
NFCI, ANFCI, financial stress indexes, credit spreads, liquidity plumbing, and real yields across the TIPS curve. The co...

Frequently Asked Questions

▶What is BB HY OAS?
ICE BofA BB-rated high-yield OAS, the highest-quality junk bond tier.
▶How does BB HY OAS relate to credit & financial stress?
BB HY OAS is part of the Credit & Financial Stress category. Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.
▶How often is BB HY OAS updated?
BB HY OAS is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source BB HY OAS data?
Convex sources BB HY OAS data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the BB HY OAS chart page?
The BB HY OAS page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.