Investment Grade Credit Spread

ICE BofA US Corporate (IG) Option-Adjusted Spread — Historical Chart

1 bps

▼ 3.70% YoYAug 2026

All-Time High

1 bps

All-Time Low

1 bps

Data Since

2023

Source: FRED / ICE BofAShaded = NBER recessions

Option-adjusted spread between investment-grade US corporate bonds and equivalent-maturity Treasuries. This is the "price of credit" for America's highest-quality borrowers. IG spreads are a leading indicator of economic stress: they tighten when companies are healthy and widen sharply before recessions. The 2020 COVID spike to 373bps reversed in weeks after the Fed's intervention with corporate bond buying programs — the first in Fed history.

Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.