High-yield bond market stress: “Extreme pressure” zone
88.1Extreme pressure
High-yield bond market stress on August 20, 2026: 88.1 out of 100, in the “Extreme pressure” zone. The previous reading, on August 19, 2026, was 64.9 (“High pressure”): the indicator rose sharply by 23.2 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: stress in the high-yield bond market is close to the highest in its history. Before that the indicator had stayed in the “High pressure” zone for 4 trading days in a row. Biggest component moves: “Price lag behind the market” at 77.5 versus 30.7 and “Yield spread over government bonds” at 98.7 versus 99.1. 2 of 3 components were available. This describes that date's reading; it is not a forecast.