92-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB92YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.33
Year-over-Year Change
11.44%
Date Range
1/1/1984 - 7/1/2025
Summary
The 92-Year High Quality Market Corporate Bond Spot Rate represents a long-term benchmark for corporate bond yields across high-quality debt instruments. This metric provides critical insights into corporate borrowing costs and overall market 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 the theoretical yield for corporate bonds with varying maturities, offering economists a comprehensive view of corporate debt markets. It reflects the cost of capital for high-quality corporate issuers and serves as a key indicator of financial market health.
Methodology
The rate is calculated using a sophisticated yield curve methodology that considers multiple high-quality corporate bond characteristics and market conditions.
Historical Context
Policymakers and financial analysts use this rate to assess credit market trends, monetary policy implications, and corporate financing dynamics.
Key Facts
- Represents a 92-year historical perspective on corporate bond yields
- Covers high-quality corporate debt across multiple maturities
- Provides a comprehensive market benchmark for corporate borrowing costs
FAQs
Q: What makes this a 'high-quality' market rate?
A: The rate focuses on corporate bonds from financially stable companies with strong credit ratings, typically investment-grade issuers with minimal default risk.
Q: How frequently is this rate updated?
A: The HQM Corporate Bond Spot Rate is typically updated monthly, reflecting current market conditions and corporate debt dynamics.
Q: Why is a 92-year historical perspective significant?
A: The extended timeframe allows economists to analyze long-term trends in corporate borrowing costs and compare current market conditions with historical patterns.
Q: How do investors use this rate?
A: Investors use this rate to assess relative value in corporate bond markets, compare yields across different maturities, and make informed investment decisions.
Q: What are the limitations of this rate?
A: The rate represents a theoretical benchmark and may not perfectly reflect individual corporate bond pricing, which can vary based on specific issuer characteristics.
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Citation
U.S. Federal Reserve, 92-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB92YR], retrieved from FRED.
Last Checked: 8/1/2025