The ICE BofA US High Yield Index Option-Adjusted Spread (BAMLH0A0HYM2) utilizes U.S. Treasury securities as its benchmark. This index measures the spread between the yields on below-investment-grade corporate bonds (high-yield or "junk" bonds) and the yields on comparable maturity U.S. Treasuries.

By comparing high-yield bonds to Treasuries, the index reflects the risk premium investors demand for taking on the additional credit risk associated with lower-rated corporate debt. A higher spread indicates increased perceived risk in the high-yield market, while a lower spread suggests greater confidence in the creditworthiness of these issuers.

For more detailed information on this index, you can refer to the original sources:

• FRED BAMLH0A0HYM2 Series
• TradingView Information

Sources

ICE BofA US High Yield Index Option-Adjusted Spread - FREDICE BofA US High Yield Index Option-Adjusted Spread - TradingViewICE BofA US High Yield Index Option-Adjusted Spread | ALFREDICE BofA US High Yield Index Option-Adjusted Spread - TradingViewUS High Yield Master II Option-Adjusted Spread Market Daily AnalysisUnited States - ICE BofA US High Yield Index Option-Adjusted SpreadFixed Income Indices

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