63-Year High Quality Market (HQM) Corporate Bond Spot Rate
This dataset tracks 63-year high quality market (hqm) corporate bond spot rate over time.
Latest Value
6.27
Year-over-Year Change
10.97%
Date Range
1/1/1984 - 7/1/2025
Summary
The 63-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a comprehensive measure of long-term corporate bond yields across high-quality issuers. This metric provides critical insights into corporate borrowing costs and broader economic credit conditions.
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 tracks yield curves for investment-grade corporate bonds with varying maturities, offering economists a nuanced view of corporate credit markets. It reflects market expectations about future interest rates, economic growth, and corporate financial health.
Methodology
The rate is calculated by the Federal Reserve using a sophisticated methodology that aggregates yield data from high-quality corporate bond transactions across multiple market segments.
Historical Context
Policymakers and investors use this rate to assess corporate credit conditions, inform monetary policy decisions, and evaluate long-term economic trends.
Key Facts
- Represents 63 years of historical corporate bond yield data
- Covers investment-grade corporate bonds across multiple maturities
- Provides critical insights into corporate borrowing costs and market expectations
FAQs
Q: What makes this corporate bond rate unique?
A: The 63-year historical perspective provides unprecedented insight into long-term corporate credit market trends and economic cycles.
Q: How do investors use this rate?
A: Investors analyze this rate to assess corporate credit risk, compare bond valuations, and make informed investment decisions across different market conditions.
Q: How frequently is the data updated?
A: The Federal Reserve typically updates this data series regularly, reflecting current market conditions and corporate bond transactions.
Q: What economic signals does this rate provide?
A: The rate offers insights into corporate financial health, market expectations for future interest rates, and broader economic credit conditions.
Q: Are there limitations to this data series?
A: While comprehensive, the rate focuses on high-quality corporate bonds and may not fully represent the entire spectrum of corporate credit markets.
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Citation
U.S. Federal Reserve, 63-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB63YR], retrieved from FRED.
Last Checked: 8/1/2025