38.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB38Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.14
Year-over-Year Change
9.84%
Date Range
1/1/1984 - 7/1/2025
Summary
The 38.5-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 sophisticated measure of corporate bond yields that adjusts for credit quality and market conditions. Economists and financial analysts use this rate to assess corporate financing costs, investment attractiveness, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers bond quality, market prices, and yield curve dynamics.
Historical Context
This rate is crucial for monetary policy analysis, corporate investment decisions, and understanding long-term economic expectations.
Key Facts
- Represents high-quality corporate bonds with a 38.5-year maturity
- Provides insights into long-term corporate borrowing costs
- Used by economists and investors to assess market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the yield for high-quality corporate bonds, reflecting borrowing costs and market expectations for long-term corporate debt.
Q: How is this rate different from other bond yield measures?
A: Unlike standard bond rates, the HQM rate adjusts for credit quality and provides a more nuanced view of corporate bond markets.
Q: Who uses this economic indicator?
A: Economists, financial analysts, corporate treasurers, and investors use this rate to assess market conditions and make financial decisions.
Q: How does this rate impact corporate financing?
A: The rate directly influences corporate borrowing costs and can affect companies' decisions about long-term debt issuance and investment strategies.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data regularly, with precise frequency depending on market conditions and data collection processes.
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Citation
U.S. Federal Reserve, 38.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB38Y6M], retrieved from FRED.
Last Checked: 8/1/2025