13.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB13Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.57
Year-over-Year Change
3.92%
Date Range
1/1/1984 - 7/1/2025
Summary
The 13.5-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 insight 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's assessment of credit risk and investment returns. Economists and financial analysts use this rate to understand corporate financing dynamics and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This trend is utilized by policymakers, investors, and financial institutions to assess corporate credit markets, inform investment strategies, and evaluate economic health.
Key Facts
- Measures long-term corporate bond yields for high-quality issuers
- Provides insight into corporate borrowing costs
- Reflects market expectations of credit risk 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 do changes in this rate impact investors?
A: Fluctuations in the rate can signal shifts in corporate credit risk and influence investment decisions in bond markets.
Q: How frequently is the HQMCB13Y6M rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and bond yields.
Q: Why do economists track this specific 13.5-year spot rate?
A: The 13.5-year duration provides a nuanced view of medium to long-term corporate credit markets beyond standard benchmark rates.
Q: What are the limitations of this rate?
A: The rate represents a snapshot of market conditions and may not capture rapid, short-term changes in corporate credit dynamics.
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Citation
U.S. Federal Reserve, 13.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB13Y6M], retrieved from FRED.
Last Checked: 8/1/2025