US credit risk indicators reached their highest levels of 2025 on Monday as investors grew increasingly concerned about the economic outlook.
The Markit CDX North American Investment Grade Index widened to 53.54 basis points while the High Yield Index fell to a six-month low of 106.4.
These movements reflect mounting worries about potential consumer spending pullbacks triggered by Trump’s tariffs, federal workforce cuts, and recent stock market declines.
Several investment-grade companies have postponed bond issuance amid the deteriorating sentiment, while Barclays strategists now view a US recession as “improbable but no longer unthinkable.”