Junk Bond Spread vs Federal Funds Rate

Junk Bond Spread

High-yield bond spread (credit risk)

3.20%
+13.48%
Normal
3.48 3.04 2.60 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26 Oct'26 Nov'26

Federal Funds Rate

US benchmark interest rate

3.88%
+6.89%
Restrictive
3.88 3.75 3.62 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26 Oct'26 Nov'26

Indicator Comparison

Junk Bond Spread Federal Funds Rate
Current 3.20% 3.88%
Change +13.48% +6.89%
Status Normal Restrictive
Data Source FRED BAMLH0A0HYM2 FRED DFF
Update Frequency Daily Daily
Last Updated November 12, 2026 November 12, 2026