64.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB64Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.27
Year-over-Year Change
10.97%
Date Range
1/1/1984 - 7/1/2025
Summary
The 64.5-Year High Quality Market Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across mature market segments. This metric provides investors and economists with a sophisticated view of corporate borrowing costs and market expectations over an extended time horizon.
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 64.5-year maturity, capturing long-term corporate debt pricing dynamics. Economists use this indicator to assess market sentiment, credit risk perceptions, and potential macroeconomic trends in corporate financing.
Methodology
The rate is calculated using a complex yield curve methodology that interpolates corporate bond pricing across multiple maturities and quality grades.
Historical Context
Central banks and institutional investors utilize this rate for long-term economic forecasting, risk assessment, and strategic investment planning.
Key Facts
- Represents an ultra-long-term corporate bond yield benchmark
- Provides insights into market expectations beyond traditional bond maturities
- Reflects sophisticated corporate debt pricing mechanisms
FAQs
Q: What does the 64.5-Year HQM Corporate Bond Spot Rate indicate?
A: It represents the theoretical yield for a high-quality corporate bond with a 64.5-year maturity, offering insights into long-term market expectations and corporate borrowing costs.
Q: How is this rate different from standard bond yields?
A: Unlike typical bond yields, this rate captures an extremely long-term perspective, providing a unique view of market expectations beyond conventional maturity ranges.
Q: Who primarily uses this economic indicator?
A: Institutional investors, central banks, economic researchers, and sophisticated financial analysts use this rate for comprehensive market analysis and strategic planning.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data periodically, with precise update schedules available through official FRED economic databases.
Q: What are the limitations of this economic indicator?
A: The rate represents a theoretical construct and may not perfectly reflect actual market transactions, requiring careful interpretation within broader economic contexts.
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Citation
U.S. Federal Reserve, 64.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB64Y6M], retrieved from FRED.
Last Checked: 8/1/2025