ICE BofA Private Sector Issuers US Emerging Markets Liquid Corporate Plus Index Option-Adjusted Spread
This dataset tracks ice bofa private sector issuers us emerging markets liquid corporate plus index option-adjusted spread over time.
Latest Value
2.06
Year-over-Year Change
0.98%
Date Range
12/31/2003 - 8/5/2025
Summary
This index measures the option-adjusted spread for emerging market corporate bonds issued by private sector entities in the United States. It provides critical insight into credit risk and market sentiment for these specialized financial instruments.
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 emerging market corporate bonds and a benchmark risk-free rate, indicating the additional compensation investors require for taking on credit risk. Economists and investors use this metric to assess the perceived financial health and risk profile of emerging market corporate issuers.
Methodology
The spread is calculated by Bank of America using advanced option-adjusted spread (OAS) techniques that account for embedded options and complex bond characteristics.
Historical Context
This index is used by central banks, investment managers, and policymakers to evaluate credit market conditions and potential economic stress in emerging market corporate sectors.
Key Facts
- Measures credit risk for US-based emerging market corporate bonds
- Uses option-adjusted methodology for precise spread calculation
- Provides real-time insight into market perception of corporate credit quality
FAQs
Q: What does a widening spread indicate?
A: A widening spread suggests increasing perceived credit risk and potential economic uncertainty in emerging markets.
Q: How frequently is this index updated?
A: The index is typically updated daily, reflecting real-time changes in market conditions and investor sentiment.
Q: Who uses this index?
A: Investment banks, portfolio managers, central banks, and economic researchers use this index to assess emerging market corporate bond risks.
Q: How does this index relate to overall economic health?
A: The spread can serve as an early warning indicator of potential economic stress or improving market conditions in emerging markets.
Q: What limitations exist in this index?
A: The index focuses on liquid corporate bonds and may not fully represent all emerging market debt or smaller, less liquid issuers.
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Citation
U.S. Federal Reserve, ICE BofA Private Sector Issuers US Emerging Markets Liquid Corporate Plus Index Option-Adjusted Spread [BAMLEMPVPRIVSLCRPIUSOAS], retrieved from FRED.
Last Checked: 8/1/2025