19.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB19Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
6.69%
Date Range
1/1/1984 - 7/1/2025
Summary
The 19.5-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
This spot rate represents the theoretical yield for corporate bonds at a precise 19.5-year maturity point, calculated using a sophisticated methodology that considers multiple high-quality corporate bond 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 comprehensive analysis of high-quality corporate bond yields, weighted and adjusted to represent a standardized market benchmark.
Historical Context
This indicator is used by policymakers, investors, and financial institutions to evaluate long-term corporate credit markets and make strategic investment and lending decisions.
Key Facts
- Represents yields for high-quality corporate bonds at 19.5-year maturity
- Calculated using advanced Federal Reserve methodologies
- Critical indicator for assessing corporate borrowing costs
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The rate specifically uses high-quality corporate bonds with strong credit ratings and low default risk. These bonds typically come from financially stable, well-established corporations.
Q: How often is this rate updated?
A: The Federal Reserve updates this rate regularly, typically on a daily or weekly basis, reflecting current market conditions and corporate bond performance.
Q: Why is the 19.5-year duration significant?
A: The specific 19.5-year duration provides a precise benchmark for long-term corporate bond yields, offering a nuanced view of medium to long-term credit market trends.
Q: How do investors use this rate?
A: Investors analyze this rate to compare potential returns, assess corporate credit market health, and make informed decisions about long-term fixed-income investments.
Q: What are the limitations of this indicator?
A: While valuable, this rate represents a specific market segment and should be considered alongside other economic indicators for comprehensive financial analysis.
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Citation
U.S. Federal Reserve, 19.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB19Y6M], retrieved from FRED.
Last Checked: 8/1/2025