33-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB33YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.08
Year-over-Year Change
9.35%
Date Range
1/1/1984 - 7/1/2025
Summary
The 33-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 33-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 with specific maturity characteristics. Economists and financial analysts use this rate to assess corporate credit markets, long-term investment strategies, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This trend is used by policymakers, investors, and financial institutions to evaluate long-term corporate credit conditions and make strategic investment and lending decisions.
Key Facts
- Represents theoretical yield for 33-year high-quality corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated using advanced Federal Reserve methodologies
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by financially stable companies with strong credit ratings, typically AAA or AA, indicating low default risk.
Q: How does the 33-year spot rate differ from other bond rates?
A: The 33-year spot rate specifically focuses on long-term corporate bonds, offering a unique perspective on extended investment horizons and corporate credit markets.
Q: How often is the HQMCB33YR rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and corporate credit dynamics.
Q: Why do investors care about this 33-year corporate bond rate?
A: Investors use this rate to assess long-term investment opportunities, evaluate corporate credit risk, and make informed portfolio allocation decisions.
Q: What are the limitations of this spot rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions, and it is subject to periodic methodological adjustments.
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Citation
U.S. Federal Reserve, 33-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB33YR], retrieved from FRED.
Last Checked: 8/1/2025