Historical Year Data · 2025

AAA Credit Spread in 2025

AAA Credit Spread opened 2025 at 34 bps and closed at 34 bps, a +0.00% move for the year. The high of 59 bps was reached on April 7, and the low of 27 bps on August 15.

Open

34 bps

2025-01

34 bps

261 data points

High

59 bps

Apr 7

Low

27 bps

Aug 15

Full Year Change

+0.00%

2024 Change

-19.05%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	34 bps	35 bps	35 bps	32 bps	+2.94%
Feb	36 bps	40 bps	40 bps	33 bps	+11.11%
Mar	40 bps	44 bps	45 bps	39 bps	+10.00%
Apr	45 bps	46 bps	59 bps	42 bps	+2.22%
May	46 bps	34 bps	46 bps	34 bps	-26.09%
Jun	33 bps	35 bps	37 bps	32 bps	+6.06%
Jul	33 bps	31 bps	33 bps	31 bps	-6.06%
Aug	34 bps	33 bps	34 bps	27 bps	-2.94%
Sep	33 bps	31 bps	33 bps	29 bps	-6.06%
Oct	31 bps	35 bps	35 bps	29 bps	+12.90%
Nov	38 bps	34 bps	38 bps	33 bps	-10.53%
Dec	33 bps	34 bps	36 bps	32 bps	+3.03%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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