53.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB53Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
10.66%
Date Range
1/1/1984 - 7/1/2025
Summary
The 53.5-Year High Quality Market Corporate Bond Spot Rate tracks long-term corporate bond yields across high-quality issuers. This metric provides critical insights into corporate borrowing costs and 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
The HQM Corporate Bond Spot Rate represents a sophisticated measure of corporate bond yields, calculated using a comprehensive methodology that considers multiple high-quality corporate bond issues. Economists and financial analysts use this rate to assess corporate credit markets and long-term investment conditions.
Methodology
The rate is calculated by the Federal Reserve using a weighted average of high-quality corporate bond yields across different maturities and credit ratings.
Historical Context
This indicator is crucial for monetary policy analysis, corporate financial planning, and understanding long-term economic expectations.
Key Facts
- Represents yields for high-quality corporate bonds over 53.5 years
- Provides insight into long-term corporate borrowing costs
- Used by economists to assess market expectations and credit conditions
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The rate focuses on bonds from corporations with strong credit ratings and financial stability. It excludes lower-quality or high-risk corporate debt.
Q: How does this rate impact corporate borrowing?
A: Higher rates indicate increased borrowing costs for corporations, while lower rates suggest more favorable lending conditions for businesses.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate bond market dynamics.
Q: Why is a 53.5-year rate significant?
A: This extremely long-term rate provides unique insights into very long-term market expectations and corporate financial projections.
Q: Can investors directly use this rate?
A: While not a direct investment tool, the rate helps investors understand broader market trends and long-term economic expectations.
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Citation
U.S. Federal Reserve, 53.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB53Y6M], retrieved from FRED.
Last Checked: 8/1/2025