17-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB17YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
5.84%
Date Range
1/1/1984 - 7/1/2025
Summary
The 17-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 17-year maturity. This metric provides critical insights into long-term corporate borrowing costs and 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 tracks the yield curve for investment-grade corporate bonds with specific maturity characteristics. 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 complex methodology that considers high-quality corporate bond yields, adjusting for market conditions and credit quality.
Historical Context
This rate is crucial for corporate financial planning, investment strategy assessment, and understanding long-term corporate borrowing costs.
Key Facts
- Represents 17-year corporate bond yields for high-quality issuers
- Provides insight into long-term corporate borrowing costs
- Used by investors and economists to assess market conditions
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are typically issued by financially stable companies with strong credit ratings, usually investment-grade (BBB- or higher).
Q: How does the 17-year spot rate differ from other bond rates?
A: The 17-year spot rate specifically focuses on long-term corporate bonds, providing a unique perspective on extended corporate borrowing costs compared to shorter-term rates.
Q: How often is the HQMCB17YR rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and corporate bond market dynamics.
Q: Why do investors care about this specific spot rate?
A: Investors use this rate to assess long-term investment opportunities, corporate credit risk, and potential returns in the corporate bond market.
Q: What are the limitations of the HQMCB17YR rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions, and it is specific to high-quality corporate bonds.
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Citation
U.S. Federal Reserve, 17-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB17YR], retrieved from FRED.
Last Checked: 8/1/2025