19-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB19YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
6.52%
Date Range
1/1/1984 - 7/1/2025
Summary
The 19-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 19-year maturity. This metric provides critical insights into long-term corporate borrowing costs and investor expectations for corporate debt markets.
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 market conditions and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers multiple high-quality corporate bond yields and adjusts for market conditions and credit quality.
Historical Context
This rate is utilized by policymakers, investors, and financial institutions to evaluate long-term corporate credit markets, assess borrowing costs, and make strategic investment decisions.
Key Facts
- Represents theoretical yield for 19-year high-quality corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated and maintained by the Federal Reserve
FAQs
Q: What does the 19-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality 19-year corporate bonds, reflecting long-term borrowing costs and market expectations for corporate debt.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond indices, this rate specifically focuses on a 19-year maturity for high-quality corporate bonds, providing a more precise market snapshot.
Q: Who uses the HQMCB19YR rate?
A: Financial analysts, investors, corporate treasurers, and economic policymakers use this rate to assess corporate credit markets and make strategic financial decisions.
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 yields.
Q: What limitations exist in interpreting this rate?
A: The rate represents a theoretical yield and should be considered alongside other economic indicators for comprehensive market analysis.
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Citation
U.S. Federal Reserve, 19-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB19YR], retrieved from FRED.
Last Checked: 8/1/2025