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Corporate Bond Market Distress Index
NY Fed CMDI for the whole market, investment grade and high yield, 0 = calm, 1 = most distressed
2 of 3 series are above their level a year earlier
Plays the chart through its history. Pauses are where the data set a record or moved most.
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Combines primary-market issuance and pricing with secondary-market prices and liquidity. Weekly; the New York Fed publishes it once a month.
Whether the U.S. corporate bond market is working: the New York Fed's distress index rises when companies struggle to issue and dealers struggle to trade, not just when spreads widen.
What this chart reads
- Corporate Bond Market Distress Index: Market (NY Fed)as “Market”latest 2026-09-25
- Corporate Bond Market Distress Index: Investment Grade (NY Fed)as “Investment grade”latest 2026-09-25
- Corporate Bond Market Distress Index: High Yield (NY Fed)as “High yield”latest 2026-09-25
Sources
Corporate Bond Market Distress Index: Market (NY Fed). Source: Federal Reserve Bank of New York, Corporate Bond Market Distress Index, https://www.newyorkfed.org/research/policy/cmdi. © Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.
Corporate Bond Market Distress Index: Investment Grade (NY Fed). Source: Federal Reserve Bank of New York, Corporate Bond Market Distress Index, https://www.newyorkfed.org/research/policy/cmdi. © Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.
Corporate Bond Market Distress Index: High Yield (NY Fed). Source: Federal Reserve Bank of New York, Corporate Bond Market Distress Index, https://www.newyorkfed.org/research/policy/cmdi. © Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.