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CCC junk bond spread

CCC junk bond spread is 13.1% and has been rising over the last 3 months. That is near the top of its range: higher than 99% of readings since 2023.

Latest (latest reading)
13.1%
As of
Nov 12, 2026
3-month change
+290 bps
1-year change
+419 bps
20-year percentile
99th
20-year median
9.1%
6.78.41012142025
Monthly averages, last 20 years. Shaded band = the middle half of readings.
What it is. Extra yield on the riskiest companies; first to blow out in a credit crunch. A higher reading means more credit stress in the Credit reading.

What it affects next

CCC junk bond spread is rising: 13.1% (+290 bps in 3 months, 99th percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.

No tested downstream links to trace yet.

What is driving it

None of its tested drivers is moving much right now.

Source: ICE BofA via FRED (series BAMLH0A3HYC). This series is copyrighted by its provider and shown here for educational, non-commercial use.