36-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB36YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.11
Year-over-Year Change
9.50%
Date Range
1/1/1984 - 7/1/2025
Summary
The 36-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 36-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
The HQM Corporate Bond Spot Rate is a sophisticated financial indicator that tracks the yield curve for high-quality corporate bonds with extended maturities. Economists and financial analysts use this rate to assess corporate credit markets, long-term investment strategies, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers high-quality corporate bond yields, adjusting for credit quality and market conditions.
Historical Context
This rate is crucial for policymakers, investors, and financial institutions in evaluating long-term corporate credit markets and making strategic investment decisions.
Key Facts
- Represents theoretical yield for 36-year high-quality corporate bonds
- Provides insight into long-term corporate borrowing costs
- Used by economists to assess corporate credit market conditions
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 AAA or AA, indicating low default risk.
Q: How does the 36-year spot rate impact investment decisions?
A: The rate helps investors evaluate long-term bond investments, providing a benchmark for expected returns and potential risks in corporate debt markets.
Q: How often is the HQMCB36YR rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and corporate credit dynamics.
Q: Why is a 36-year bond rate significant?
A: The 36-year rate provides a long-term perspective on corporate borrowing costs and investor expectations, offering insights beyond shorter-term market fluctuations.
Q: What are the limitations of this rate?
A: The rate is a theoretical measure and may not perfectly reflect actual market conditions, and it represents a specific segment of corporate bonds.
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Citation
U.S. Federal Reserve, 36-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB36YR], retrieved from FRED.
Last Checked: 8/1/2025