Markets are calm — volatility and credit stress are low.

Volatility · VIX

VIX: 19.44 — The VIX is at 19.4 — markets are calm.

High-Yield Credit Spread

HY spread: 2.78% — The high-yield spread is 2.78% — tight, signaling calm credit conditions.

Investment-Grade Credit Spread

IG spread: 0.75% — The investment-grade spread is 0.75% — tight, signaling calm credit conditions.

Financial Conditions · NFCI

NFCI: -0.51 — The NFCI is -0.51 — financial conditions are looser than average.