The trend over time.
The latest available read: Baa-10Y Credit Spread is at 1.47% as of October 2026. Source: FRED · BAA10Y. Shown as monthly averages of the daily series. CSV and PNG downloads cover the selected date range.
What Baa-10Y Credit Spread measures.
The difference between Moody's Baa corporate bond yield and the 10-year Treasury yield, in percentage points, published daily via FRED (BAA10Y).
Baa is the lowest rung of investment-grade debt, so this spread measures the price of credit risk for solid companies. It widens in recessions and financial stress.
Why it matters.
A tight spread like this typically signals confidence in the economy and lower borrowing costs for companies, which can help your employer, local businesses, and mortgage rates. If this spread widens sharply, it often precedes economic slowdowns and can raise costs across the board.
Where it fits.
Baa-10Y Credit Spread is covered on the Credit page.