ICE BofA Public Sector Issuers US Emerging Markets Liquid Corporate Plus Index Option-Adjusted Spread
This dataset tracks ice bofa public sector issuers us emerging markets liquid corporate plus index option-adjusted spread over time.
Latest Value
1.32
Year-over-Year Change
-0.75%
Date Range
12/31/2003 - 8/6/2025
Summary
This index measures the option-adjusted spread for public sector issuers in emerging market corporate bonds, providing insight into credit risk and market liquidity. It serves as a critical indicator of financial market stress and investor sentiment in emerging market debt.
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
The spread represents the difference between the yield of these bonds and a benchmark risk-free rate, reflecting the perceived credit risk of emerging market public sector corporate bonds. Economists and investors use this metric to assess the relative risk and potential returns in emerging market debt markets.
Methodology
The index is calculated by Bank of America using option-adjusted spread methodology, which accounts for embedded options and adjusts for potential variations in cash flows.
Historical Context
Policymakers and financial analysts use this index to evaluate economic conditions, credit market health, and potential investment risks in emerging markets.
Key Facts
- Measures option-adjusted spread for public sector emerging market corporate bonds
- Provides insight into credit risk and market liquidity
- Calculated by Bank of America using advanced financial modeling techniques
FAQs
Q: What does this index tell investors?
A: The index indicates the additional yield investors require for holding emerging market public sector corporate bonds compared to risk-free securities, reflecting perceived credit risk.
Q: How is the option-adjusted spread calculated?
A: It's calculated by adjusting bond yields to account for potential embedded options, providing a more accurate representation of true credit risk.
Q: Why is this index important for emerging markets?
A: It provides a key indicator of financial market conditions, investor sentiment, and potential economic challenges in emerging market economies.
Q: How do policymakers use this index?
A: Policymakers use the index to assess economic stability, potential financial risks, and make informed decisions about international economic engagement.
Q: How often is this index updated?
A: The index is typically updated regularly, with most financial data providers offering real-time or daily updates of the spread.
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Citation
U.S. Federal Reserve, ICE BofA Public Sector Issuers US Emerging Markets Liquid Corporate Plus Index Option-Adjusted Spread [BAMLEMPUPUBSLCRPIUSOAS], retrieved from FRED.
Last Checked: 8/1/2025