Are credit spreads widening?

As of the embedded snapshot, composite regime is normal with z-score -0.209. This is educational public-data context, not advice.

Is the credit market stressed right now?

The Credit-Stress Tracker blends HY/IG/CCC OAS, NFCI, STLFSI, the 2s10s curve, and VIX into calm/normal/elevated/stressed regime bands using official FRED data. It describes conditions; it does not recommend any action.

Credit-Stress Tracker | MarketFactor

Credit-Stress Tracker

Education only—not financial advice or a recommendation. AI can err. Data provided 'as is' without warranty. No fiduciary relationship is created.

Public source official public series

Composite stress reading from official FRED series (HY/IG/CCC OAS, NFCI, STLFSI, 2s10s, VIX). Levels, trailing percentiles, and short-horizon changes — describe the market, never instruct.

Composite z-score

-0.21

Components used: 7/7

Component dates: 2026-09-04 → 2026-09-10

Embedded snapshot: 2026-09-11T18:04:08.959230+00:00

Spread & stress grid

Series	Level	As-of	5y %ile	Z	5d Δ
High-Yield OAS	2.70	2026-09-10	10.9%	-1.00	0.05 ↑ widening
Investment-Grade OAS	0.80	2026-09-10	29.9%	-0.71	-0.01 ↓ tightening
CCC & Lower OAS	10.70	2026-09-10	99.2%	2.05	0.19 ↑ widening
Chicago Fed NFCI	-0.56	2026-09-04	33.1%	-0.41	-0.02 ↓ tightening
St. Louis Fed Financial Stress	-0.79	2026-09-04	10.6%	-0.74	-0.28 ↓ tightening
Yield Curve (10y-2y)	0.39	2026-09-10	59.7%	0.41	-0.01 ↓ tightening
VIX (equity vol)	17.84	2026-09-10	50.7%	-0.24	3.52 ↑ widening

Series

Level

As-of

5y %ile

5d Δ

High-Yield OAS

2.70

2026-09-10

10.9%

-1.00

0.05 ↑ widening

Investment-Grade OAS

0.80

2026-09-10

29.9%

-0.71

-0.01 ↓ tightening

CCC & Lower OAS

10.70

2026-09-10

99.2%

2.05

0.19 ↑ widening

Chicago Fed NFCI

-0.56

2026-09-04

33.1%

-0.41

-0.02 ↓ tightening

St. Louis Fed Financial Stress

-0.79

2026-09-04

10.6%

-0.74

-0.28 ↓ tightening

Yield Curve (10y-2y)

0.39

2026-09-10

59.7%

0.41

-0.01 ↓ tightening

VIX (equity vol)

17.84

2026-09-10

50.7%

-0.24

3.52 ↑ widening

How to read credit spreads

Option-adjusted spreads (OAS) measure extra yield over Treasuries that compensates for credit risk. Higher OAS / higher financial-stress indices historically co-occur with tighter financial conditions. Percentiles place today in a 5-year history; z-scores standardize across series. This page is a pattern study of public data — not a recommendation to buy, sell, or hold any instrument.

Related knowledge: indicator catalog · disclosures.

Education and information only — not financial advice or a recommendation. Data provided 'as is' without warranty.