43-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB43YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.17
Year-over-Year Change
9.98%
Date Range
1/1/1984 - 7/1/2025
Summary
The 43-Year High Quality Market Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 43-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
This spot rate is a key benchmark for evaluating corporate bond pricing and long-term investment returns in the U.S. financial markets. Economists and investors use this rate to assess 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 market data and yield curve analysis.
Historical Context
Policymakers and financial analysts use this rate to understand long-term corporate credit markets, monetary policy implications, and broader economic investment trends.
Key Facts
- Represents theoretical yield for 43-year high-quality corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated and maintained by the Federal Reserve
FAQs
Q: What makes this a 'high quality' corporate bond rate?
A: High quality refers to corporate bonds from financially stable companies with strong credit ratings, typically AAA or AA. These bonds represent lower default risk compared to lower-rated corporate debt.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and changes in corporate bond market dynamics.
Q: Why is a 43-year spot rate significant?
A: The 43-year timeframe provides a unique long-term perspective on corporate borrowing costs, offering insights beyond standard shorter-term bond measurements.
Q: How do investors use this rate?
A: Investors analyze this rate to compare potential returns, assess corporate credit market conditions, and make long-term investment decisions in fixed-income securities.
Q: What limitations exist in this measurement?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions, and it is based on a specific subset of high-quality corporate bonds.
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Citation
U.S. Federal Reserve, 43-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB43YR], retrieved from FRED.
Last Checked: 8/1/2025