Credit market Barometer

The credit risk indicator provides a synthetic view of the evolution of the credit market by analyzing the spreads between emerging and developed government bonds, as well as between high-yield (junk) and investment-grade bonds.

Monitoring these spreads helps detect the level of confidence or stress in the credit market, as widening spreads signal increased risk perceived by investors. This indicator is particularly useful for assessing the stability of the global financial system and anticipating potential periods of tension in the bond markets.

The indicator ranges between 1 and -1. Values above zero indicate a low-risk phase in the credit market, while values below zero signal the presence of potential issues.