12.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB12Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.49
Year-over-Year Change
3.58%
Date Range
1/1/1984 - 7/1/2025
Summary
The 12.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a specific maturity duration. This metric provides critical insights into corporate borrowing costs and overall market credit 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 represents a sophisticated measure of corporate bond yields, reflecting the current market interest rates for high-quality debt instruments. Economists and financial analysts use this rate to assess corporate credit markets, investment attractiveness, 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 across different maturities and credit ratings.
Historical Context
This trend is utilized by policymakers, investors, and financial institutions to evaluate corporate credit markets, assess economic health, and make strategic investment and lending decisions.
Key Facts
- Represents yields for high-quality corporate bonds at 12.5-year maturity
- Provides insights into corporate borrowing costs and market conditions
- Calculated using advanced Federal Reserve methodologies
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds, reflecting market interest rates and corporate borrowing costs.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, with precise frequency depending on market conditions and data collection cycles.
Q: Why do investors care about this rate?
A: Investors use this rate to assess corporate bond attractiveness, compare investment opportunities, and understand broader market credit conditions.
Q: How does this rate relate to economic policy?
A: The rate provides insights for monetary policy decisions, helping central banks understand corporate credit markets and potential economic trends.
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds typically have high credit ratings, low default risk, and are issued by financially stable corporations.
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Citation
U.S. Federal Reserve, 12.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB12Y6M], retrieved from FRED.
Last Checked: 8/1/2025