93.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB93Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.32
Year-over-Year Change
13.26%
Date Range
1/1/1984 - 6/1/2025
Summary
The 93.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks long-term corporate bond yields across high-quality issuers. 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
The HQM Corporate Bond Spot Rate represents a sophisticated measure of corporate bond yields, constructed to reflect the most creditworthy corporate debt instruments. Economists and financial analysts use this rate to assess corporate financing conditions and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment and borrowing dynamics.
Key Facts
- Represents yields for high-quality corporate bonds over a 93.5-year period
- Provides a comprehensive view of long-term corporate borrowing costs
- Used by economists and financial professionals for market analysis
FAQs
Q: What makes this corporate bond rate 'high quality'?
A: High-quality bonds are issued by financially stable corporations with strong credit ratings, typically from top-tier companies with minimal default risk.
Q: How does this rate impact corporate borrowing?
A: Lower rates indicate cheaper borrowing costs for corporations, potentially stimulating investment and economic growth.
Q: How often is this rate updated?
A: The Federal Reserve typically updates these rates periodically, reflecting current market conditions and economic trends.
Q: Why is a 93.5-year perspective significant?
A: The extended timeframe provides a comprehensive historical context for understanding long-term corporate bond market trends and economic cycles.
Q: Can investors directly use this rate?
A: While not a direct investment instrument, the rate serves as a critical benchmark for understanding corporate bond market conditions and potential investment strategies.
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Citation
U.S. Federal Reserve, 93.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB93Y6M], retrieved from FRED.
Last Checked: 8/1/2025