Historical Year Data · 2025

BBB Credit Spread in 2025

BBB Credit Spread opened 2025 at 102 bps and closed at 101 bps, a -0.98% move for the year. The high of 149 bps was reached on April 9, and the low of 93 bps on September 19.

Open

102 bps

2025-01

101 bps

261 data points

High

149 bps

Apr 9

Low

93 bps

Sep 19

Full Year Change

-0.98%

2024 Change

-22.14%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	102 bps	102 bps	104 bps	100 bps	+0.00%
Feb	103 bps	109 bps	109 bps	98 bps	+5.83%
Mar	110 bps	120 bps	120 bps	108 bps	+9.09%
Apr	121 bps	137 bps	149 bps	119 bps	+13.22%
May	138 bps	116 bps	138 bps	114 bps	-15.94%
Jun	115 bps	108 bps	115 bps	108 bps	-6.09%
Jul	106 bps	99 bps	106 bps	98 bps	-6.60%
Aug	104 bps	102 bps	104 bps	96 bps	-1.92%
Sep	102 bps	97 bps	103 bps	93 bps	-4.90%
Oct	97 bps	102 bps	102 bps	94 bps	+5.15%
Nov	104 bps	105 bps	109 bps	102 bps	+0.96%
Dec	104 bps	101 bps	104 bps	100 bps	-2.88%

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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