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NY Fed Corporate Bond Market Distress Index

US
  • The newly published NY Fed corporate bond market distress index based on seven subindices looking at spreads and issuance increased from 0.15 to 0.2 in the month through June 24 (scaled from 0 to 1).
  • That still suggest healthy functioning, below its historical median.
  • The investment grade component is relatively more strained, equivalent to its ~75% pre-2020 historical percentile, compared to high yield below its 50% percentile.

More: https://www.newyorkfed.org/research/policy/cmdi#/interactive



Source: NY Fed

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