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Credit & Financial Stressdaily

CCC & Lower HY OAS

ICE BofA CCC & lower HY OAS, the distressed end of credit that spikes hardest in crises.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The CCC & Lower HY OAS is currently 946 bps, last updated .

946 bps
1W +1.07%1M +3.96%3M +4.07%
Updated 2h ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for CCC & Lower HY OAS, blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.

Updated 2h ago

Recent Data

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DateValueChange
Jun 1, 2026946 bps+0.53%
May 31, 2026941 bps+0.32%
May 29, 2026938 bps+0.32%
May 28, 2026935 bps-0.11%
May 27, 2026936 bps+0.11%
May 26, 2026935 bps-0.43%
May 25, 2026939 bps+0.00%
May 22, 2026939 bps+0.00%
May 21, 2026939 bps-0.11%
May 20, 2026940 bps-0.84%
May 19, 2026948 bps+0.64%
May 18, 2026942 bps+0.75%
May 15, 2026935 bps+1.41%
May 14, 2026922 bps-0.97%
May 13, 2026931 bps-0.64%
May 12, 2026937 bps+0.64%
May 11, 2026931 bps+1.20%
May 8, 2026920 bps+0.55%
May 7, 2026915 bps+0.88%
May 6, 2026907 bps-0.44%
May 5, 2026911 bps+0.11%
May 4, 2026910 bps+0.66%
May 1, 2026904 bps-0.55%
Apr 30, 2026909 bps—

Related in Credit & Financial Stress

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ICE BofA High Yield Option-Adjusted Spread, the market's price of default risk.
IG Credit Spread (OAS)
ICE BofA Investment Grade OAS, credit stress in high-quality corporate bonds.
HY Effective Yield
HY corporate bond effective yield, total return required by junk bond investors.
IG Effective Yield
IG corporate bond effective yield, cost of investment-grade corporate borrowing.

Explore Further

Forecast 2026
CCC & Lower HY OAS Outlook
Scenario-weighted forecast using regime implied approach.
Category
All Financial Conditions Data
NFCI, ANFCI, financial stress indexes, credit spreads, liquidity plumbing, and real yields across the TIPS curve. The co...

Frequently Asked Questions

▶What is CCC & Lower HY OAS?
ICE BofA CCC & lower HY OAS, the distressed end of credit that spikes hardest in crises.
▶How does CCC & Lower HY OAS relate to credit & financial stress?
CCC & Lower HY OAS is part of the Credit & Financial Stress category. Financial conditions indexes are the Fed's dashboard. The Chicago Fed's NFCI blends over 100 inputs spanning equity volatility, credit spreads, funding stress, and leverage. Real yields across the TIPS curve reveal the true cost of capital after inflation, while liquidity measures (reverse repo, TGA, reserves) show whether the system is flush or stressed. Together they form the transmission belt from policy rate to real economy.
▶How often is CCC & Lower HY OAS updated?
CCC & Lower HY OAS is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source CCC & Lower HY OAS data?
Convex sources CCC & Lower HY OAS data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the CCC & Lower HY OAS chart page?
The CCC & Lower HY OAS page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.