39.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB39Y6M • 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 39.5-Year High Quality Market Corporate Bond Spot Rate tracks long-term corporate bond yields for high-quality debt instruments. This metric provides critical insights into corporate borrowing costs and overall market expectations for long-term interest rates.
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 represents the theoretical yield for a zero-coupon corporate bond with a specific 39.5-year maturity, reflecting the market's assessment of corporate credit risk and long-term economic conditions. Economists and financial analysts use this rate to understand corporate financing dynamics and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond market data and yield curve analysis.
Historical Context
This indicator is used by policymakers, investors, and financial strategists to assess long-term corporate credit markets and make informed economic projections.
Key Facts
- Represents yields for high-quality 39.5-year corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated using advanced Federal Reserve methodologies
FAQs
Q: What does the 39.5-Year HQM Corporate Bond Spot Rate indicate?
A: It shows the theoretical yield for high-quality corporate bonds with a 39.5-year maturity, reflecting long-term market expectations and corporate credit conditions.
Q: How do investors use this rate?
A: Investors analyze this rate to assess long-term corporate credit risk, make investment decisions, and understand broader economic trends.
Q: How is the rate calculated?
A: The Federal Reserve calculates the rate using comprehensive market data and advanced yield curve analysis techniques.
Q: Why is this rate important for economic analysis?
A: It provides crucial insights into corporate financing costs, long-term market expectations, and potential economic shifts.
Q: How frequently is this data updated?
A: The rate is typically updated regularly by the Federal Reserve, with precise update frequencies available through official economic data sources.
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Citation
U.S. Federal Reserve, 39.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB39Y6M], retrieved from FRED.
Last Checked: 8/1/2025