45-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB45YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.18
Year-over-Year Change
10.16%
Date Range
1/1/1984 - 7/1/2025
Summary
The 45-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 45-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, long-term investment potential, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This trend is crucial for evaluating long-term corporate financing costs, investment strategies, and macroeconomic risk assessments.
Key Facts
- Represents theoretical yield for 45-year high-quality corporate bonds
- Provides insights into long-term corporate borrowing expectations
- Used by investors and economists to assess market conditions
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by financially stable companies with strong credit ratings, typically AAA or AA, indicating low default risk.
Q: How does the 45-year spot rate differ from shorter-term rates?
A: The 45-year rate reflects long-term economic expectations and provides a more comprehensive view of potential future economic conditions compared to shorter-term rates.
Q: Who uses the HQMCB45YR data?
A: Institutional investors, financial analysts, economists, and policymakers use this data to assess long-term market trends and make strategic investment decisions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates these rates regularly, with most current data available through financial databases like FRED.
Q: What factors influence the 45-year corporate bond spot rate?
A: Factors include inflation expectations, economic growth projections, monetary policy, corporate financial health, and overall market sentiment.
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Citation
U.S. Federal Reserve, 45-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB45YR], retrieved from FRED.
Last Checked: 8/1/2025