The trend since 2019.
The latest available read: Baa-10Y Credit Spread is at 1.51% as of September 2026. Source: FRED · BAA10Y.
Why it matters.
A tightening spread means cheaper borrowing costs for companies and potentially better returns for bond investors, while a widening spread signals financial stress ahead. Watch this number because it often moves before recessions or market disruptions hit your job, mortgage rates, and investment portfolio.
Where it fits.
Baa-10Y Credit Spread feeds the Credit view — one of the six areas behind the site's Macro IQ score.