36.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB36Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.12
Year-over-Year Change
9.68%
Date Range
1/1/1984 - 7/1/2025
Summary
The 36.5-Year High Quality Market Corporate Bond Spot Rate represents the theoretical yield for high-quality corporate bonds with a 36.5-year maturity. This metric provides critical insight 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
This spot rate is a key benchmark for evaluating corporate bond pricing and long-term investment yields across different credit qualities. Economists and financial analysts use this rate to assess corporate credit markets, investment risk, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond market data and yield curve dynamics.
Historical Context
This trend is used in monetary policy analysis, corporate financial planning, and as a reference point for long-term investment and borrowing strategies.
Key Facts
- Represents theoretical yield for high-quality 36.5-year corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated and maintained by the Federal Reserve
FAQs
Q: What does the 36.5-Year HQM Corporate Bond Spot Rate indicate?
A: It shows the theoretical yield for high-quality corporate bonds with a 36.5-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond market indicators?
A: This rate specifically focuses on high-quality corporate bonds at a precise 36.5-year maturity, offering a unique perspective on long-term corporate debt markets.
Q: Who uses this rate in financial analysis?
A: Economists, financial analysts, corporate treasurers, and investors use this rate to assess long-term investment strategies and corporate borrowing costs.
Q: How frequently is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and economic trends.
Q: What are the limitations of this rate?
A: The rate represents a theoretical yield and may not perfectly reflect actual market transactions or individual corporate bond pricing.
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Citation
U.S. Federal Reserve, 36.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB36Y6M], retrieved from FRED.
Last Checked: 8/1/2025