Financial Markets
The extra yield investors demand to hold junk-rated corporate bonds over Treasuries. It's a real-time fear gauge: spreads blow out during crises (2008, March 2020) and compress in risk-on regimes. Widening spreads often lead equity and crypto drawdowns.
Read the units and reporting frequency before comparing periods. A level, a month-to-month change, and a year-over-year change answer different questions. Compare related economic indicators over the same dates.
Economic releases can be revised. Publication dates and the periods being measured may differ, and historical relationships do not establish cause and effect.
The extra yield investors demand to hold junk-rated corporate bonds over Treasuries. It's a real-time fear gauge: spreads blow out during crises (2008, March 2020) and compress in risk-on regimes. Widening spreads often lead equity and crypto drawdowns.
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