{"id":14112,"date":"2026-10-05T23:47:29","date_gmt":"2026-10-05T23:47:29","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14112"},"modified":"2026-10-05T23:47:29","modified_gmt":"2026-10-05T23:47:29","slug":"us-credit-spreads-eased-on-october-2-after-broader-widening","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14112","title":{"rendered":"US credit spreads eased on October 2 after broader widening"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp\" \/><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>US corporate credit spreads widened beyond the weakest borrowers from September 25 to October 1, creating a broader test of whether tighter financing and reduced institutional risk-taking could pressure Bitcoin. The largest increase remained concentrated in CCC-and-lower debt, while investment-grade bonds showed a much smaller rise.<\/p>\n<p>These option-adjusted spreads measure the premium over a Treasury curve. Their widening shows investors demanding more compensation to hold corporate debt. A borrower&#8217;s total interest cost also depends on the Treasury component.<\/p>\n<p>The ICE BofA CCC credit spread climbed from 11.28% to 12.15%, an increase of 87 basis points. Over the same dates, the broad high-yield spread rose from 2.93% to 3.24%, or 31 basis points. The investment-grade corporate spread increased from 0.81% to 0.86%, or 5 basis points.<\/p>\n<p>All three comparisons use daily closing observations for September 25 and October 1, 2026. FRED&#8217;s October 5 updates added October 2 readings of 12.02% for CCC-and-lower debt, 3.10% for broad high yield and 0.85% for investment-grade debt. All three eased from October 1 while remaining above their September 25 levels.<\/p>\n<p>The investment-grade move is the clearest evidence that repricing extended beyond the lowest-rated debt. CCC-and-lower bonds are already included in the broader high-yield index, so those two increases are overlapping evidence. The picture is broader but unequal pressure.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>How credit spreads could reach Bitcoin<\/h2>\n<p>For Bitcoin, transmission would depend on how credit repricing changes capital costs and risk-taking. If financing becomes more expensive, leveraged investors may need to shrink positions. Institutions could reduce crypto exposure as they reassess how much risk they are willing to carry across their portfolios.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>The authors of the 2023 IMF working paper The Crypto Cycle and US Monetary Policy describe a related mechanism. Their historical analysis finds that monetary tightening can raise capital costs, encourage crypto investors to reduce leverage and lower aggregate crypto prices, with institutional participation reinforcing transmission.<\/p>\n<p>The paper examines historical monetary-policy shocks; the current figures measure corporate credit premiums. Applying its mechanism to this episode remains conditional. The spread observations establish credit repricing, while current Bitcoin selling and its cause remain unestablished.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Why an $88 billion bank reserve drop doesn\u2019t prove a Bitcoin liquidity squeeze \u2013 yet<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The Chicago Fed National Financial Conditions Index provides a broader check. Its latest reading was -0.548 for the week ending September 25, released September 30. That negative value indicates looser-than-average financial conditions. The observation predates the newest spread readings.<\/p>\n<p>The next test is whether widening persists beyond the weakest borrowers and coincides with worsening broad financial conditions and weaker Bitcoin demand. That combination would strengthen the case for wider pressure on institutional risk-taking. Narrowing spreads and resilient Bitcoin demand would weaken it.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Why Bitcoin&#8217;s rally above $80,000 isn&#8217;t backed by institutional conviction<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<\/div>\n<p>Analysis,Debt,Featured,Macro,Bitcoin,BTC,federal reserveBitcoin,BTC,federal reserve#credit #spreads #eased #October #broader #widening1791244049<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US corporate credit spreads widened beyond the weakest borrowers from September 25 to October 1, creating a broader test of whether tighter financing and reduced institutional risk-taking could pressure Bitcoin. The largest increase remained concentrated in CCC-and-lower debt, while investment-grade bonds showed a much smaller rise. These option-adjusted spreads measure the premium over a Treasury<\/p>\n","protected":false},"author":1,"featured_media":14113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,2262,285,2810,5015,3302,173,2172,7271],"class_list":["post-14112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-broader","tag-btc","tag-credit","tag-eased","tag-federal-reserve","tag-october","tag-spreads","tag-widening"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US credit spreads eased on October 2 after broader widening - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14112\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US credit spreads eased on October 2 after broader widening\" \/>\n<meta property=\"og:description\" content=\"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14112\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-05T23:47:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14112\",\"name\":\"US credit spreads eased on October 2 after broader widening - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp\",\"datePublished\":\"2026-10-05T23:47:29+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14112\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14112#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US credit spreads eased on October 2 after broader widening\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US credit spreads eased on October 2 after broader widening - Crypto News: Latest Cryptocurrency News and Analysis","description":"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=14112","og_locale":"en_US","og_type":"article","og_title":"US credit spreads eased on October 2 after broader widening","og_description":"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.","og_url":"https:\/\/cryptonews.uk.com\/?p=14112","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-10-05T23:47:29+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp","type":"image\/webp"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=14112","url":"https:\/\/cryptonews.uk.com\/?p=14112","name":"US credit spreads eased on October 2 after broader widening - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp","datePublished":"2026-10-05T23:47:29+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"US credit spreads widened beyond the weakest borrowers before easing on October 2. Here\u2019s how financing costs could affect Bitcoin risk-taking.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=14112#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=14112"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=14112#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-credit-spotlight.webp","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=14112#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"US credit spreads eased on October 2 after broader widening"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14112"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/14113"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}