U.S. investment grade energy bond credit spreads have narrowed to +92 basis points as of May 28, 2021, down from a recent peak of +128 basis points on May 29, 2020, and now approaching the pre-pandemic level of +97 basis points recorded at year-end 2019.

U.S. Energy Debt Market Snapshot — figure 2
Fig. 2 of 2 · Chart 16 · Source: EPRINC

From the EPRINC Chart of the Week archive.