Skip to Content
Credit Insights

Corporate Credit Spreads Largely Unchanged as Supply Equals Demand

Although the stock market eked out a gain last week, the S&P 500 is muddling along near the middle of its year-to-date trading range.

Although the stock market eked out a gain last week, the S&P 500 is muddling along near the middle of its year-to-date trading range. Corporate credit spreads in the investment-grade market ended the week unchanged. In the high-yield market, credit spreads tightened slightly but lagged far behind their prior-week performance. The average spread of the Morningstar Corporate Bond Index ended the week at +109, and the average spread of the BofA Merrill Lynch High Yield Master Index tightened 5 basis points to +333 basis points. At this level, high-yield credit spreads are near the low end of the 90-basis-point range that they have traded in since the beginning of 2017. While credit spreads in the high-yield market are near the lows they hit in January, credit spreads in the investment-grade market remain well wide of the levels they hit earlier this year.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.