9-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB9YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.09
Year-over-Year Change
0.59%
Date Range
1/1/1984 - 7/1/2025
Summary
The 9-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a 9-year maturity. This metric provides critical insight 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 represents a benchmark for corporate bond yields, reflecting the current cost of long-term corporate debt for top-rated companies. Economists and financial analysts use this rate to assess corporate credit markets and broader economic health.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across multiple market segments.
Historical Context
This rate is crucial for evaluating corporate financing costs, investment strategies, and potential economic trends in credit markets.
Key Facts
- Represents 9-year high-quality corporate bond yields
- Used as a benchmark for corporate borrowing costs
- Reflects overall credit market conditions
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by companies with strong credit ratings, typically AAA or AA, indicating low default risk and financial stability.
Q: How often is the HQMCB9YR rate updated?
A: The rate is typically updated regularly by the Federal Reserve, with most current data available through financial databases and economic reporting platforms.
Q: Why do investors care about the 9-year corporate bond spot rate?
A: Investors use this rate to assess potential returns, compare investment opportunities, and understand current corporate borrowing costs and market conditions.
Q: How does this rate relate to overall economic health?
A: The corporate bond spot rate can indicate economic sentiment, with lower rates suggesting favorable borrowing conditions and higher rates potentially signaling economic uncertainty.
Q: Are there limitations to using this rate?
A: While informative, the rate represents a specific market segment and should be considered alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, 9-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB9YR], retrieved from FRED.
Last Checked: 8/1/2025