market-monitor-032516

Chart Source: GSAM. High Yield Credit Spreads are defined by the Bank of America Merrill Lynch Option-Adjusted Spreads (OASs), which is calculated by taking spreads between a computed OAS index of all bonds in a given rating category and a spot Treasury curve. The US Current Activity Index measures the growth signal in the major high-frequency activity indicators for the US economy. Past performance does not guarantee future results, which may vary.