← Browse all charts Is credit stress confirming the equity tape or staying contained?
High Yield Credit Spread (OAS)
A credit-stress chart that tracks the ICE BofA U.S. High Yield option-adjusted spread so you can see whether credit markets are confirming or dismissing the latest equity move.
The deep history is for NASDUCK paid members.
This free chart covers the last five years. Everything older, plus the CSV and JSON downloads, comes with a paid NASDUCK subscription.
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The latest series values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.
Use Value for the raw series and % from view start to rebase the first visible value in the current window to 0%.
Dates & readable data
Selected historical events
Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.
How To Read It
- Widening spreads mean investors are demanding more compensation for junk-bond risk, which usually confirms a harder risk backdrop.
- If stocks wobble but spreads stay calm, the selloff is often still an equity-only problem rather than a full risk-event.
- The biggest warning sign is not just a spike higher, but spreads staying elevated after the first panic passes.
Next step Charts show what moved. NASDUCK asks why.
Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.