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BAMLH0A0HYM2

ICE BofA US High Yield Index Option-Adjusted Spread

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BAMLH0A0HYM2 chart

About ICE BofA US High Yield Index Option-Adjusted Spread

Ideas

HY Junk Bond Spreads and SPX Correlation As you can see clearly on this chart, there is a high correlation between the BofA Option Adjusted Junk Bond Spread Index and the S&P500. While tough to use as a timing tool, when spreads widen to 4.5% or so, many times this is a good time to nibble in the S&P during a correction. When they reach 6%

by MrStudPuffin

Updated

BULLISH SETUP ON HY-IG SPREAD EMERGING. (BEARISH EQUITIES)Back in November of 2022 I wrote about using the HY-IG spread as a potential indicator of 'risk on' vs. 'risk off' sentiment and I will insert that below for readers trying to understand how this spread differential can be utilized. Subsequently I will explain what I currently see emerging on the ab

Long

by The_Firewalker

Jaws closing The high yield (junk bond) spread against Treasuries, having earlier moved above the important 4% threshold, continues to advance higher. It has now eclipsed 5%. Accompanying this indicator is the $SPY decline which has caused these "jaws" to move closer to closure. Maintain risk management and s

by jay_S_

Updated

US High yield spreads and interest rate Comparison of US High yield spreads and interest rate. Spreads predict interest rate changes.

by AbandonShip

High Yield Spread V SPX When the high yield spread comes down, stocks should rally. If the MACD crosses below the black line it should be bullish for stocks. Lets see how it turns out.

by TheTradersBias

HY-IG OAS Spread Significant Negative Correlation HY= high yield option adjusted spread IG= investment grade option adjusted spread HY-IG Option Adjusted Spread showing significant inverse/negative correlation to the S&P500. When the HY-IG spread (white) rises we see the S&P500 (yellow) fall. The inverse is also true. Spread is currently trendin

Education

by The_Firewalker

Gauging Market Sentiment on Risk Using the IG/HY Spread When the spread between High-Yield (HY) debt and Investment Grade (IG) debt contracts or expands, this can be perceived as the market demanding more or less compensation for the risk it perceives to be present in owning the HY debt against the IG corporate debt. (HY-IG) = Risk On/Risk Off market se

Editors' picks

Education

by The_Firewalker

1212

Corporate Credit Conditions: Part 3 As discussed in part two (prior installments linked below), the duration mismatch between LQD and HYG renders the ratio useless as a tool to assess credit distress or changes in investor preference. Credit ETFs, must be compared to a duration matched ETF, Treasury security or index to be useful. T

Editors' picks

by CMT_Association

Credit Conditions and the Fed: Part 2 In part 2 I take a quick look at high yield corporates and describe a common mistake made in using ETF ratios to monitor changes in credit risk. Part one and an earlier piece that described how to use the TradingView platform to monitor secondary market credit spreads are linked below. If there

Editors' picks

by CMT_Association

Junk Bonds as Indicator of Overall Market Risk The decline in junk bonds is generally an indication of high market risk. In this type of enviornment, investors of junk bonds demand higher yields to compensate for additional risks. As bond yields and prices are inversely correlated, higher yields cause junk bond prices to fall; a repeating patte

by shri30389

Updated

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