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Credit & Financial Stressdaily

CCC & Lower HY OAS

ICE BofA CCC & lower HY OAS, the distressed end of credit that spikes hardest in crises.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The CCC & Lower HY OAS is currently 922 bps, last updated .

922 bps
1W -1.60%1M +0.77%3M -3.76%
Updated 1h ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for CCC & Lower 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.

Updated 1h ago

Recent Data

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DateValueChange
May 14, 2026922 bps-0.97%
May 13, 2026931 bps-0.64%
May 12, 2026937 bps+0.64%
May 11, 2026931 bps+1.20%
May 8, 2026920 bps+0.55%
May 7, 2026915 bps+0.88%
May 6, 2026907 bps-0.44%
May 5, 2026911 bps+0.11%
May 4, 2026910 bps+0.66%
May 1, 2026904 bps-0.55%
Apr 30, 2026909 bps+0.00%
Apr 29, 2026909 bps-0.22%
Apr 28, 2026911 bps+0.33%
Apr 27, 2026908 bps-1.09%
Apr 24, 2026918 bps+0.33%
Apr 23, 2026915 bps+0.22%
Apr 22, 2026913 bps+0.00%
Apr 21, 2026913 bps-0.22%
Apr 20, 2026915 bps+0.33%
Apr 17, 2026912 bps-0.98%
Apr 16, 2026921 bps-0.32%
Apr 15, 2026924 bps-0.75%
Apr 14, 2026931 bps-2.82%
Apr 13, 2026958 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
CCC & Lower 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 CCC & Lower HY OAS?
ICE BofA CCC & lower HY OAS, the distressed end of credit that spikes hardest in crises.
▶How does CCC & Lower HY OAS relate to credit & financial stress?
CCC & Lower 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 CCC & Lower HY OAS updated?
CCC & Lower 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 CCC & Lower HY OAS data?
Convex sources CCC & Lower 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 CCC & Lower HY OAS chart page?
The CCC & Lower 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.