28-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB28YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.02
Year-over-Year Change
8.66%
Date Range
1/1/1984 - 7/1/2025
Summary
The 28-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 28-year maturity. This metric provides critical insights into long-term corporate borrowing costs and investor expectations about future economic 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 is a sophisticated financial indicator that tracks the yield curve for high-quality corporate bonds with specific maturity characteristics. Economists and financial analysts use this rate to assess corporate credit markets, long-term investment potential, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex interpolation method that considers multiple high-quality corporate bond yields across different maturities.
Historical Context
This rate is crucial for corporate financial planning, investment strategy assessment, and macroeconomic policy analysis related to long-term corporate debt markets.
Key Facts
- Represents theoretical yield for high-quality 28-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Used by economists to assess broader economic conditions
FAQs
Q: What does the 28-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 28-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond yields, the HQM rate uses a sophisticated interpolation method to provide a more nuanced view of corporate bond market conditions.
Q: Who uses the HQMCB28YR data?
A: Financial analysts, corporate strategists, economists, and policymakers use this data to assess long-term economic trends and corporate financing conditions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, providing current insights into corporate bond market dynamics.
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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28.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
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23-Year High Quality Market (HQM) Corporate Bond Spot Rate
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Citation
U.S. Federal Reserve, 28-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB28YR], retrieved from FRED.
Last Checked: 8/1/2025