The debt behind the machines: 1999 capex, 2008 credit, or neither? Settles
Did the investment-grade corporate bond spread (ICE BofA US Corporate Index option-adjusted spread, FRED series BAMLC0A0CM) read tighter on October 2, 2026, the end of the four weeks after Labor Day, than its August 2026 average?
The reading on October 2, 2026 (the last observation on or before that day) against the mean of the daily observations from August 1 to August 31, 2026: confirmed if it is 3 basis points or more below the August mean, refuted if it is 3 basis points or more above it.
Source: FRED, ICE BofA US Corporate Index option-adjusted spread (BAMLC0A0CM)
- 1999 capex plus 2008 credit read as the fuse
- The borrowing is rational read as the fuel
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