Long-Term Credit Spread Chart – May 12, 2016

In the October 6, 2015 post (“Comparisons Of Economic And Financial Aspects – 2008 And 2015“) I discussed credit spreads and featured a chart of the spread between Moody’s Seasoned Baa Corporate Bond and the 10-Year Treasury Constant Maturity.

For reference, here is an updated long-term chart of that measure, with a current reading (updated as of May 11, with a value from May 10, 2016) of 2.89%:

BAA10Y_5-11-16 2.89 percent

Federal Reserve Bank of St. Louis, Moody’s Seasoned Baa Corporate Bond Yield Relative to Yield on 10-Year Treasury Constant Maturity [BAA10Y], retrieved from FRED, Federal Reserve Bank of St. Louis on May 12, 2016:

https://research.stlouisfed.org/fred2/series/BAA10Y/

_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 2064.46 as this post is written