The Fed Issued Its July 29 Statement; High Yield Printed 2.84% the Next Day

On July 29, 2026 the Federal Reserve issued its FOMC statement, the decision that anchors the front end insurers reinvest and discount against. The next day the ICE BofA US High Yield spread sat at 2.84%, still inside 300 basis points. The two readings frame the same balance-sheet margin from opposite ends.