54.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB54Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
10.46%
Date Range
1/1/1984 - 7/1/2025
Summary
The 54.5-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 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 of a zero-coupon corporate bond with a specific 54.5-year maturity, reflecting sophisticated market pricing for ultra-long-term corporate debt. Economists and financial analysts use this rate to assess corporate credit markets and long-term economic expectations.
Methodology
The rate is calculated using a complex yield curve methodology that interpolates corporate bond prices and yields across different maturities.
Historical Context
Central banks and institutional investors use this rate to evaluate long-term corporate credit conditions and inform strategic investment and monetary policy decisions.
Key Facts
- Represents ultra-long-term corporate bond market conditions
- Provides insight into market expectations for future interest rates
- Used by institutional investors for strategic financial planning
FAQs
Q: What does a high 54.5-year corporate bond spot rate indicate?
A: A high spot rate typically suggests market expectations of higher future interest rates or increased perceived corporate credit risk.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and bond pricing.
Q: Who primarily uses this specific spot rate?
A: Institutional investors, financial analysts, central bankers, and economic researchers use this rate for long-term financial planning and market analysis.
Q: How does this rate relate to overall economic conditions?
A: The rate reflects broader economic expectations about inflation, corporate performance, and long-term credit market dynamics.
Q: What are the limitations of this spot rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual bond trading prices or immediate market conditions.
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Citation
U.S. Federal Reserve, 54.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB54Y6M], retrieved from FRED.
Last Checked: 8/1/2025