37.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB37Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.13
Year-over-Year Change
9.66%
Date Range
1/1/1984 - 7/1/2025
Summary
The 37.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield for high-quality corporate bonds with a specific long-term maturity. This metric provides critical insight into corporate borrowing costs and long-term investment expectations in the U.S. financial 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 theoretical yield of corporate bonds at a precise 37.5-year maturity, using high-quality corporate debt as a benchmark. Economists and financial analysts use this rate to assess long-term corporate credit conditions and compare against other fixed-income investment opportunities.
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
Policymakers and investors use this rate to evaluate long-term economic expectations, corporate credit markets, and potential investment strategies.
Key Facts
- Represents yield for high-quality 37.5-year corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated and maintained by the Federal Reserve
FAQs
Q: What does the 37.5-Year HQM Corporate Bond Spot Rate indicate?
A: It shows the theoretical yield for high-quality corporate bonds at a 37.5-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond yield measurements?
A: This rate specifically focuses on a 37.5-year maturity for high-quality corporate bonds, providing a unique perspective on long-term corporate credit markets.
Q: Who uses this economic indicator?
A: Economists, financial analysts, investors, and policymakers use this rate to assess long-term economic conditions and corporate credit markets.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and corporate bond performance.
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, 37.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB37Y6M], retrieved from FRED.
Last Checked: 8/1/2025