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Glitch in the Credit

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Corporate bond spread (Fed)

93bp on Sep 1, 2026, +7bp versus three months earlier. It’s calm.

Now
93bp calm
Watch at
230bp
Flashing at
310bp
Source
Fed GZ credit spread

What US companies pay over Treasurys on their bonds, averaged by Fed economists across thousands of issues (the Gilchrist–Zakrajšek spread). Monthly.

Last 30 readings

DateValueStatus
Sep 1, 202693bpcalm
Aug 1, 202688bpcalm
Jul 1, 202684bpcalm
Jun 1, 202686bpcalm
May 1, 202683bpcalm
Apr 1, 202692bpcalm
Mar 1, 2026103bpcalm
Feb 1, 202697bpcalm
Jan 1, 202686bpcalm
Dec 1, 202591bpcalm
Nov 1, 202595bpcalm
Oct 1, 202594bpcalm
Sep 1, 202589bpcalm
Aug 1, 202594bpcalm
Jul 1, 202593bpcalm
Jun 1, 202599bpcalm
May 1, 2025103bpcalm
Apr 1, 2025127bpcalm
Mar 1, 2025112bpcalm
Feb 1, 2025100bpcalm
Jan 1, 202590bpcalm
Dec 1, 202494bpcalm
Nov 1, 202496bpcalm
Oct 1, 202499bpcalm
Sep 1, 2024106bpcalm
Aug 1, 2024110bpcalm
Jul 1, 2024108bpcalm
Jun 1, 2024110bpcalm
May 1, 202499bpcalm
Apr 1, 2024102bpcalm