34.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB34Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
9.52%
Date Range
1/1/1984 - 7/1/2025
Summary
The 34.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield for high-quality corporate bonds with a specific long-term maturity. This metric provides critical insight into corporate borrowing costs and market expectations for long-term corporate debt.
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 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 complex methodology that considers high-quality corporate bond yields, adjusting for credit quality and market conditions.
Historical Context
This rate is crucial for evaluating corporate financing costs, investment strategies, and broader macroeconomic risk assessments.
Key Facts
- Represents yields for high-quality corporate bonds at 34.5-year maturity
- Provides insight into long-term corporate borrowing costs
- Used by investors and economists to assess market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: It shows the theoretical yield for high-quality corporate bonds at a specific long-term maturity. The rate reflects market expectations and corporate borrowing costs.
Q: How do investors use this rate?
A: Investors analyze this rate to compare potential returns, assess corporate credit risk, and make informed investment decisions in long-term corporate bonds.
Q: How often is this rate updated?
A: The Federal Reserve typically updates these rates regularly, reflecting current market conditions and corporate bond market dynamics.
Q: Why is the 34.5-year maturity significant?
A: This specific long-term maturity provides insights into extended corporate financing costs and long-term market expectations beyond standard bond maturities.
Q: What limitations exist in interpreting this rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual bond market transactions. It should be used alongside other financial indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, 34.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB34Y6M], retrieved from FRED.
Last Checked: 8/1/2025