10-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB10YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
1.56%
Date Range
1/1/1984 - 7/1/2025
Summary
The 10-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield of high-quality corporate bonds with a 10-year maturity. This metric provides critical insight into corporate borrowing costs and broader market expectations for interest rates and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HQM Corporate Bond Spot Rate is a benchmark for high-quality corporate debt, reflecting the current market cost of long-term corporate borrowing. Economists and investors use this rate to assess corporate credit markets, investment opportunities, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers multiple high-quality corporate bond yields and adjusts for market conditions.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies across various economic sectors.
Key Facts
- Represents 10-year high-quality corporate bond yields
- Used as a critical benchmark for corporate borrowing costs
- Reflects broader market expectations and economic conditions
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by financially stable companies with strong credit ratings, typically from AAA to BBB grade.
Q: How does the HQM rate impact corporate borrowing?
A: The rate directly influences the cost of long-term corporate debt, with higher rates making borrowing more expensive for companies.
Q: How frequently is the HQMCB10YR rate updated?
A: The rate is typically updated daily by the Federal Reserve, reflecting current market conditions and investor sentiment.
Q: Why do investors track this rate?
A: Investors use the rate to assess potential returns, evaluate corporate bond investments, and understand broader economic trends.
Q: What are the limitations of this rate?
A: The rate represents a specific market segment and may not fully capture all corporate borrowing dynamics or individual company risks.
Related Trends
6-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB6YR
ICE BofA High Yield Emerging Markets Corporate Plus Index Semi-Annual Yield to Worst
BAMLEMHBHYCRPISYTW
24.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB24Y6M
76-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB76YR
29-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB29YR
86-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB86YR
Citation
U.S. Federal Reserve, 10-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB10YR], retrieved from FRED.
Last Checked: 8/1/2025