15.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
This dataset tracks 15.5-year high quality market (hqm) corporate bond spot rate over time.
Latest Value
5.71
Year-over-Year Change
4.96%
Date Range
1/1/1984 - 7/1/2025
Summary
The 15.5-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 across different maturities, offering economists a nuanced view of credit market dynamics. It reflects the theoretical yield curve for high-quality corporate debt, helping analysts assess corporate financing environments and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex interpolation method that considers multiple high-quality corporate bond yields across different maturities.
Historical Context
Policymakers and financial analysts use this rate to evaluate corporate credit markets, assess potential economic shifts, and inform monetary policy decisions.
Key Facts
- Measures yields for high-quality corporate bonds at 15.5-year maturity
- Provides insights into corporate borrowing costs and credit market conditions
- Used by economists and policymakers to assess financial market trends
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The rate specifically tracks bonds from corporations with strong credit ratings and low default risk. These are typically issued by financially stable, large corporations.
Q: How often is this rate updated?
A: The Federal Reserve updates these spot rates regularly, typically on a daily or weekly basis, reflecting current market conditions.
Q: Why is the 15.5-year duration significant?
A: This specific duration provides a unique perspective on medium to long-term corporate borrowing costs that differs from standard 10-year or 20-year measurements.
Q: How do investors use this rate?
A: Investors analyze this rate to understand corporate bond valuations, assess potential investment returns, and gauge overall market credit conditions.
Q: What are the limitations of this rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions. It should be used in conjunction with other financial indicators.
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Citation
U.S. Federal Reserve, 15.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB15Y6M], retrieved from FRED.
Last Checked: 8/1/2025