49-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB49YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
11.91%
Date Range
1/1/1984 - 6/1/2025
Summary
The 49-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield for high-quality corporate bonds with a 49-year maturity. This metric provides critical insights into long-term corporate borrowing costs and investor expectations for corporate debt markets.
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 is a sophisticated financial indicator that tracks the theoretical yield curve for top-tier corporate bonds with extended maturities. Economists and financial analysts use this rate to assess corporate credit markets, long-term investment strategies, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve estimation methodology that considers high-quality corporate bond market data and current interest rate environments.
Historical Context
This rate is crucial for institutional investors, corporate financial planners, and policymakers in evaluating long-term investment strategies and assessing corporate credit market conditions.
Key Facts
- Represents yields for high-quality 49-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Used by institutional investors for strategic financial planning
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The HQM designation indicates the rate is based on top-tier corporate bonds with excellent credit ratings and low default risk.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and economic trends.
Q: Why is a 49-year bond rate significant?
A: The 49-year rate provides unique insights into extremely long-term corporate borrowing costs and investor expectations beyond standard bond maturities.
Q: How do investors use this rate?
A: Investors use this rate to assess long-term corporate credit markets, evaluate investment strategies, and make informed financial decisions.
Q: What limitations exist in interpreting this rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions, requiring careful contextual interpretation.
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Citation
U.S. Federal Reserve, 49-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB49YR], retrieved from FRED.
Last Checked: 8/1/2025