39-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB39YR • 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-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 39-year maturity. This metric provides critical insights 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 top-tier corporate bonds with extended maturities. Economists and financial analysts use this rate to assess corporate credit markets, investment risk, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve estimation methodology that considers high-quality corporate bond pricing and market conditions.
Historical Context
This trend is crucial for monetary policy analysis, corporate financing strategies, and long-term investment decision-making across institutional and professional financial sectors.
Key Facts
- Represents theoretical yield for high-quality 39-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Used by economists to assess market expectations and credit conditions
FAQs
Q: What does the 39-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 39-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond rates, this specific measurement focuses on a 39-year maturity for top-tier corporate bonds, providing a unique perspective on long-term corporate credit markets.
Q: Who typically uses this financial indicator?
A: Professional investors, financial analysts, economists, and corporate financial strategists use this rate to assess long-term market conditions and investment opportunities.
Q: How does this rate impact corporate financing?
A: The rate influences corporate borrowing costs, helping companies understand potential expenses for long-term debt issuance and guiding strategic financial planning.
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, 39-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB39YR], retrieved from FRED.
Last Checked: 8/1/2025