31-Year High Quality Market (HQM) Corporate Bond Spot Rate
This dataset tracks 31-year high quality market (hqm) corporate bond spot rate over time.
Latest Value
6.05
Year-over-Year Change
9.01%
Date Range
1/1/1984 - 7/1/2025
Summary
The 31-Year High Quality Market Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 31-year maturity. This metric provides critical insight 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
This spot rate reflects the yield curve for high-quality corporate bonds, offering economists and investors a precise view of long-term corporate credit conditions. It serves as a benchmark for evaluating corporate bond pricing and assessing overall market credit risk.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond market data and yield curve interpolation techniques.
Historical Context
Policymakers and financial analysts use this rate to understand long-term corporate credit markets, assess economic expectations, and inform investment and monetary policy decisions.
Key Facts
- Represents 31-year corporate bond yields for high-quality debt instruments
- Provides critical insight into long-term corporate borrowing costs
- Calculated using advanced Federal Reserve methodologies
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by financially stable companies with strong credit ratings, typically from AAA to A-rated corporations.
Q: How often is the 31-Year HQM Corporate Bond Spot Rate updated?
A: The rate is typically updated daily by the Federal Reserve, reflecting current market conditions and investor expectations.
Q: Why is the 31-year maturity significant?
A: The 31-year maturity provides a long-term view of corporate credit markets, offering insights into extended economic expectations and investment horizons.
Q: How do investors use this spot rate?
A: Investors use this rate to compare bond yields, assess relative value, and make informed decisions about long-term fixed-income investments.
Q: What are the limitations of this spot 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, 31-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB31YR], retrieved from FRED.
Last Checked: 8/1/2025