15-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB15YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.68
Year-over-Year Change
4.80%
Date Range
1/1/1984 - 7/1/2025
Summary
The 15-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 15-year maturity. This metric provides critical insight into long-term corporate borrowing costs and overall market expectations for corporate debt.
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 sophisticated financial indicator that reflects the current market pricing for high-quality corporate debt instruments. Economists and financial analysts use this rate to assess corporate borrowing conditions, investment attractiveness, and broader economic sentiment.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers multiple high-quality corporate bond yields and adjusts for current market conditions.
Historical Context
This trend is utilized by policymakers, investors, and financial strategists to evaluate long-term corporate credit markets and make informed investment and monetary policy decisions.
Key Facts
- Represents theoretical yield for high-quality 15-year corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated and maintained by the Federal Reserve
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, indicating lower default risk.
Q: How often is the HQMCB15YR rate updated?
A: The rate is typically updated daily by the Federal Reserve to reflect current market conditions and bond pricing.
Q: Why do investors care about the 15-year corporate bond spot rate?
A: Investors use this rate to assess long-term investment opportunities, compare returns, and understand broader economic expectations for corporate debt markets.
Q: How does this rate relate to overall economic conditions?
A: The rate reflects market expectations about future interest rates, inflation, and corporate financial health, serving as a key economic indicator.
Q: What are the limitations of this rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual bond transactions, and it is specific to high-quality corporate bonds.
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Citation
U.S. Federal Reserve, 15-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB15YR], retrieved from FRED.
Last Checked: 8/1/2025