Chart: Figure 1 (Aaa variant): Aaa-Treasury Credit Spread (1925-2015)

Chart: Figure 1 (Aaa variant): Aaa-Treasury Credit Spread (1925-2015)#

Analogous to Figure I, using the Aaa (instead of Baa) corporate bond spread.

Sources: FRED, Office of Financial Research

Aaa yield minus the 10-year Treasury yield, monthly, 1925-2015.

Chart Name	Figure 1 (Aaa variant): Aaa-Treasury Credit Spread (1925-2015)
Chart ID	figure_1_aaa_replication
Tags	Credit Spread, Aaa, Figure 1, Extension
Data Series Start Date
Data Frequency	Monthly
Observation Period	Monthly average
Lag in Data Release
Data Release Timing
Seasonal Adjustment	Not Seasonally Adjusted
Units	Percentage Points
HTML Chart	HTML

Dataframe Name	FRED Processed Monthly Series
Dataframe ID	fred_processed_monthly_series
Sources	FRED, Office of Financial Research
Providers	FRED, Office of Financial Research
Provider Links	https://fred.stlouisfed.org/
Tags	Processed Data, Macroeconomic Data, Fred
Access Types	Public
How is data pulled?	Web API via Python `pandas_datareader.data.DataReader`
Data available up to (min)
Data available up to (max)
Dataframe Path	C:\Users\fraff\OneDrive\Documentos\UChicago\FINM_32900_Full_Stack_Quantitative_Finance\Project\p03_lopez_salido_stein_zakrajsek_2017_data\processed_data\fred_final_series_monthly.parquet

Linked Charts:

Pipeline Name	Credit-Market Sentiment and the Business Cycle
Pipeline ID	P01
Maintainer	Fernando Raffo, Bangjie Xu
Contributors	Fernando Raffo, Bangjie Xu
Repository	fernando-raffo/p03_lopez_salido_stein_zakrajsek_2017
Pipeline Web Page	Pipeline Web Page
Date of Last Code Update	2026-08-19 22:04:54
OS Compatibility	Windows, Linux, MacOS
Linked Dataframes	P01:fred_macroeconomic_variables P01:shiller_market_variables P01:greenwood_hanson_hys P01:mergent_fisd_bond_data P01:fred_processed_monthly_series P01:fred_processed_annual_series P01:shiller_processed_annual_series P01:greenwood_hanson_hys_processed_series