45.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB45Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
10.34%
Date Range
1/1/1984 - 7/1/2025
Summary
The 45.5-Year High Quality Market Corporate Bond Spot Rate tracks long-term corporate bond yields for high-quality debt instruments. This metric provides critical insight into corporate borrowing costs and market expectations for long-term interest rates.
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 represents a sophisticated measure of corporate bond yields across different maturities, calculated using a comprehensive methodology that reflects market conditions. Economists and financial analysts use this rate to assess corporate credit markets, investment opportunities, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex interpolation method that considers multiple high-quality corporate bond yields across different market segments.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies in fixed-income markets.
Key Facts
- Represents yields for high-quality corporate bonds at 45.5-year maturity
- Provides insight into long-term corporate borrowing costs
- Used by economists and investors to assess market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the yield for high-quality corporate bonds at a specific long-term maturity, reflecting market expectations for interest rates and corporate credit conditions.
Q: How is this rate different from other bond yield measures?
A: Unlike standard bond indices, this rate uses a sophisticated interpolation method to provide a more nuanced view of corporate bond yields across different market segments.
Q: Why do investors care about this 45.5-year spot rate?
A: The long-term rate provides insights into market expectations for future interest rates, corporate financial health, and potential investment opportunities.
Q: How frequently is this rate updated?
A: The Federal Reserve typically updates these rates regularly, reflecting current market conditions and changes in corporate bond markets.
Q: What are the limitations of this rate?
A: The rate represents high-quality corporate bonds and may not fully capture the entire spectrum of corporate debt or more speculative market segments.
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Citation
U.S. Federal Reserve, 45.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB45Y6M], retrieved from FRED.
Last Checked: 8/1/2025