{"code":"us.credit.hy_oas","node":{"code":"us.credit.hy_oas","name":"US HY OAS","plain":"Junk bond risk premium","unit":"%","freq":"D","kind":"fetched","source":{"publisher":"FRED, Federal Reserve Bank of St. Louis","url":"https://fred.stlouisfed.org/series/BAMLH0A0HYM2","keyShown":"BAMLH0A0HYM2"},"last":{"date":20260923,"value":2.73,"ingestedAt":1790269382}},"consumers":{"gauges":[],"indicators":[{"key":"ai_credit_tail","plainName":"What lenders charge the weakest borrowers","role":"input","formula":"CCC & lower OAS − HY index OAS, in percentage points"}],"tripwires":[],"positions":[{"slug":"own-the-world","title":"Own the world","test":"High-yield credit spread"}]}}