56.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB56Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.24
Year-over-Year Change
10.64%
Date Range
1/1/1984 - 7/1/2025
Summary
The 56.5-Year High Quality Market Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across high-quality debt instruments. This metric provides investors and economists with a comprehensive view of long-term corporate borrowing costs and market expectations.
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 reflects the theoretical yield of corporate bonds with a 56.5-year maturity, calculated using high-quality market instruments. Economists use this rate to assess long-term corporate credit conditions and evaluate market expectations for future interest rates and economic performance.
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, assess economic expectations, and inform investment and monetary policy decisions.
Key Facts
- Represents a 56.5-year corporate bond yield benchmark
- Provides insight into long-term corporate borrowing costs
- Calculated using high-quality market instruments
FAQs
Q: What does the 56.5-Year HQM Corporate Bond Spot Rate indicate?
A: It shows the theoretical yield for high-quality corporate bonds with a 56.5-year maturity, reflecting long-term market expectations and borrowing costs.
Q: How is this rate different from short-term bond rates?
A: This rate focuses on extremely long-term corporate bonds, providing a unique perspective on extended market expectations compared to shorter-term rates.
Q: Who uses this specific spot rate?
A: Economists, financial analysts, policymakers, and institutional investors use this rate to assess long-term corporate credit markets and economic trends.
Q: How does this rate impact investment decisions?
A: Investors use this rate to evaluate long-term corporate bond attractiveness, assess risk, and make informed decisions about fixed-income investments.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and changes in corporate bond markets.
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Citation
U.S. Federal Reserve, 56.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB56Y6M], retrieved from FRED.
Last Checked: 8/1/2025