HY SpreadFRED: BAMLH0A0HYM2Market
High Yield OAS Spread
하이일드 스프레드
1. Definition
ICE BofA US High Yield bond Option-Adjusted Spread. Yield difference between junk bonds and Treasuries. The fastest credit-market stress signal.
2. Reading Guide
Historical mean ~500bp. Below 300bp = late-cycle overheating. Above 800bp = recession entry.
3. ETF Trading Implications
Below 300bp + concurrent signals (e.g., 17-day rally in major ETFs) → preemptive trim recommended.
4. Related ETFs
6. Frequently Asked Questions
Q. Is the current 2.83% normal?▼
*-200bp below historical mean* = late-cycle overheating signal. Not recession entry, but an inflection-monitoring zone.
Q. What is OAS?▼
Option-Adjusted Spread. The pure credit spread after removing the effect of embedded call/put options in bonds.
Source · License
Source: ICE BofA US High Yield Master II OAS (FRED)
License: 공공 데이터 (일 1회)
API: FRED BAMLH0A0HYM2