High-Yield Spread · Risk AppetiteREACHING FOR YIELD
Is the bond market greedy?
Investors are barely paid to take risk — peak greed.
Spreads are widening (less greedy).
2.70% spread — 2.30 pts tighter than the 5% norm. Risk-on.
Lower than 93% of all readings since 2023.
FRED · as of Sep 2026 · computed