ICE BofA Non-Financial Emerging Markets Corporate Plus Index Option-Adjusted Spread
BAMLEMNSNFCRPIOAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
1.49%
Date Range
10/22/2021 - 8/5/2025
Summary
The ICE BofA Non-Financial Emerging Markets Corporate Plus Index Option-Adjusted Spread measures the credit risk premium for corporate bonds in emerging markets. This metric provides critical insights into global financial market sentiment and perceived risk for non-financial corporate debt in developing economies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index represents the spread between emerging market corporate bond yields and a benchmark risk-free rate, adjusted for embedded options. Economists and investors use it to assess credit market conditions, risk perception, and potential investment opportunities in developing economies.
Methodology
The spread is calculated by comparing the yield of non-financial corporate bonds in emerging markets to a risk-free benchmark, with statistical adjustments for potential option-related variations.
Historical Context
Central banks, international financial institutions, and global investors use this index to evaluate credit market health and make strategic investment or policy decisions.
Key Facts
- Measures credit risk for non-financial corporate bonds in emerging markets
- Provides insights into global financial market sentiment
- Helps investors assess potential investment risks and opportunities
FAQs
Q: What does this index indicate about emerging market financial health?
A: A widening spread suggests increased perceived risk in emerging market corporate bonds, while a narrowing spread indicates improved market confidence.
Q: How do investors use this index?
A: Investors use this index to compare credit risks across different emerging markets and make informed investment decisions about corporate bonds.
Q: What makes this index unique?
A: The option-adjusted methodology provides a more nuanced view of credit spreads by accounting for potential embedded options in corporate bonds.
Q: How frequently is this index updated?
A: The index is typically updated daily, providing real-time insights into emerging market corporate bond market conditions.
Q: What are the limitations of this index?
A: The index focuses only on non-financial corporate bonds and may not fully represent the entire emerging market financial landscape.
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BAMLC0A3CAEY
50.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
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ICE BofA 3-5 Year US Corporate Index Option-Adjusted Spread
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Citation
U.S. Federal Reserve, ICE BofA Non-Financial Emerging Markets Corporate Plus Index Option-Adjusted Spread [BAMLEMNSNFCRPIOAS], retrieved from FRED.
Last Checked: 8/1/2025