17.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB17Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.82
Year-over-Year Change
6.01%
Date Range
1/1/1984 - 7/1/2025
Summary
The 17.5-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's assessment of credit risk and long-term investment expectations. 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 market data across multiple issuers and credit ratings.
Historical Context
This rate is used 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 and market sentiment
- Used as a benchmark for corporate financing and investment decisions
FAQs
Q: What does the 17.5-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds with a 17.5-year maturity. It reflects market expectations for corporate credit risk and long-term investment returns.
Q: How do changes in this rate impact corporate financing?
A: Higher rates suggest increased borrowing costs for corporations, potentially slowing investment and expansion. Lower rates can stimulate corporate borrowing and investment.
Q: How is this rate different from other bond market indicators?
A: Unlike general bond indices, the HQM rate specifically focuses on high-quality corporate bonds with a precise 17.5-year maturity, offering a more targeted market view.
Q: How do investors use this rate?
A: Investors use this rate to compare potential returns, assess corporate credit risk, and make informed decisions about long-term bond investments.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and changes in corporate bond markets.
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Citation
U.S. Federal Reserve, 17.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB17Y6M], retrieved from FRED.
Last Checked: 8/1/2025