Federal Reserve Economic Data

Funding of High-Yield Corporate Bonds (Questions 56-59)

56) Over the past three months, how have the terms under which high-yield corporate bonds are funded changed?

   

Please select a date range

    Q4 2011    
 
 
    Q3 2024
Number of Respondents
Name Q3 2024 Q2 2024 Q3 2023
A. Terms for Average Client
1. Maximum amount of funding
Tightened Considerably
0 0 0
Tightened Somewhat
0 1 1
Remained Basically Unchanged
20 20 17
Eased Somewhat
1 0 0
Eased Considerably
0 0 0
2. Maximum maturity
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
20 21 18
Eased Somewhat
1 0 0
Eased Considerably
0 0 0
3. Haircuts
Tightened Considerably
0 0 0
Tightened Somewhat
1 0 1
Remained Basically Unchanged
20 21 16
Eased Somewhat
0 0 1
Eased Considerably
0 0 0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably
0 0 0
Tightened Somewhat
2 0 2
Remained Basically Unchanged
17 19 15
Eased Somewhat
2 2 1
Eased Considerably
0 0 0
B. Terms for most favored clients, as a consequence of breadth, duration and/or extent of relationship
1. Maximum amount of funding
Tightened Considerably
0 0 0
Tightened Somewhat
0 1 1
Remained Basically Unchanged
19 20 16
Eased Somewhat
1 0 1
Eased Considerably
1 0 0
2. Maximum maturity
Tightened Considerably
0 0 0
Tightened Somewhat
0 0 0
Remained Basically Unchanged
19 20 18
Eased Somewhat
1 0 0
Eased Considerably
1 1 0
3. Haircuts
Tightened Considerably
0 0 0
Tightened Somewhat
1 0 1
Remained Basically Unchanged
19 20 16
Eased Somewhat
0 1 1
Eased Considerably
1 0 0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably
0 0 0
Tightened Somewhat
2 0 2
Remained Basically Unchanged
18 18 15
Eased Somewhat
1 3 1
Eased Considerably
0 0 0
   

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