Euro High Yield Spread
ICE BofA Euro High Yield Index Option-Adjusted Spread.
2.55
Percent
Euro High Yield Spread — latest reading: 2.55 percent. As of August 2026, it is down 0.8% over the past 12 months, well below its 10-year average. Source: BAMLHE00EHYIOAS, ICE Data Indices, published daily. Reported as published, without transformation; the publisher may revise it. Lower than all but 15 of 790 readings since 2023-08-25. Last at or below this level on 2026-08-24.
Min
2.48
Max
4.93
Average
3.26
10Y Percentile
2%
3M Change
-0.8%
Euro High Yield Spread (BAMLHE00EHYIOAS) — 790 observations from 2023-08-25 to 2026-08-28. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Macro Regime Context
The financial-conditions regime is currently neutral (63% confidence).
See what this means across all four regime dimensions →3-Month
-0.8%
6-Month
-0.4%
12-Month
-0.8%
What this means
Euro High Yield Spread is currently at 2.55 percent, which is well below its 10-year historical average. The trend is stable (-0.8% over the past 3 months).
Over the past 6 months the change is -0.4%, and over 12 months it is -0.8%. The short-term pace is consistent with the longer trend.
Frequently Asked Questions
What is the euro high yield spread?
It is the option-adjusted spread of the ICE BofA Euro High Yield Index — the extra yield investors demand to hold euro-denominated below-investment-grade corporate bonds over government bonds. A wider spread means investors require more compensation for European credit risk.
How does it compare to the US high yield spread?
The two spreads track the same concept in different markets and usually move together, since credit stress is often global. When they diverge, the gap shows which region's corporate credit conditions are tighter — as during the 2011-2012 euro area debt crisis, when euro spreads widened far more than US spreads.
How often is the euro high yield spread updated?
The spread is calculated each business day by ICE Data Indices and sourced here from FRED. This page updates with each new daily reading.
Cite this page
MacroRadar, "Euro High Yield Spread," https://www.macroradar.io/euro-high-yield-spread (as of August 2026).