29.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB29Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.03
Year-over-Year Change
8.84%
Date Range
1/1/1984 - 7/1/2025
Summary
The 29.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a specific long-term maturity. This metric provides critical insights into corporate borrowing costs and market expectations for long-term 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 represents a benchmark for high-quality corporate bond yields, reflecting the current market cost of long-term corporate debt financing. Economists and financial analysts use this rate to assess corporate credit markets, investment attractiveness, and broader economic conditions.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across different maturities and credit ratings.
Historical Context
This rate is crucial for evaluating corporate financing costs, investment strategies, and macroeconomic trends in corporate debt markets.
Key Facts
- Represents long-term corporate bond yields for high-quality issuers
- Provides insight into corporate borrowing costs and market expectations
- Used by investors, economists, and policymakers to assess market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds at a 29.5-year maturity, reflecting market expectations for long-term corporate debt costs.
Q: How do changes in this rate impact investors?
A: Fluctuations can signal shifts in corporate credit markets, influencing investment decisions and the attractiveness of corporate bonds relative to other assets.
Q: How is the HQM rate different from other bond yield measures?
A: It specifically focuses on high-quality corporate bonds with a precise 29.5-year maturity, providing a more targeted view of long-term corporate debt markets.
Q: What economic factors influence this rate?
A: Factors include Federal Reserve monetary policy, inflation expectations, corporate credit risk, and overall economic conditions.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates these rates regularly, with most financial databases providing near real-time access to the most current information.
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Citation
U.S. Federal Reserve, 29.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB29Y6M], retrieved from FRED.
Last Checked: 8/1/2025