29-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB29YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.03
Year-over-Year Change
8.84%
Date Range
1/1/1984 - 7/1/2025
Summary
The 29-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 29-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 yield curve for high-quality corporate bonds across different maturities. Economists and financial analysts use this rate to assess corporate credit markets, investment attractiveness, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields, adjusting for credit quality and market conditions.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies in corporate debt markets.
Key Facts
- Represents theoretical yield for high-quality 29-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Used by economists and investors to assess market conditions
FAQs
Q: What does the 29-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 29-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond indices, this rate specifically focuses on high-quality corporate bonds at a precise 29-year maturity, offering a more nuanced view of corporate credit markets.
Q: Who uses the HQMCB29YR data?
A: Financial analysts, economists, corporate treasurers, and investors use this data to assess long-term corporate borrowing costs and make strategic financial decisions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and changes in corporate bond yields.
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 interpretation alongside other economic indicators.
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Citation
U.S. Federal Reserve, 29-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB29YR], retrieved from FRED.
Last Checked: 8/1/2025