US Credit Market Grew More Dysfunctional in March, NY Fed Says

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Fed:Pedestrians on Park Avenue in the Plaza District of New York.A New York Fed index on Wednesday signaled that the US corporate bond market saw more dislocations in March, with the high-grade bond market more bruised than its high-yield counterpart.The Corporate Bond Market Distress Index, which the Federal Reserve of New York launched in 2022 to assess brewing risks in the US credit market, jumped earlier this month to the highest level since May 2025. The investment-grade component of the index last week surged to the highest since December 2023.