46.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB46Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
10.14%
Date Range
1/1/1984 - 7/1/2025
Summary
The 46.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a critical benchmark for long-term corporate bond yields in the United States. This metric provides insights into corporate borrowing costs and overall market expectations for interest rates and economic conditions.
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 of corporate bonds with specific maturity characteristics. Economists and financial analysts use this rate to assess corporate credit markets, investment opportunities, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers high-quality corporate bond yields across different maturities and credit ratings.
Historical Context
This indicator is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies in the U.S. corporate bond market.
Key Facts
- Represents a 46.5-year corporate bond spot rate benchmark
- Provides insights into long-term corporate borrowing costs
- Used by economists and financial professionals for market analysis
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: It indicates the theoretical yield of high-quality corporate bonds at a specific 46.5-year maturity. The rate reflects market expectations for long-term corporate borrowing costs.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond indices, this rate provides a specific, standardized measure of corporate bond yields at a precise long-term maturity point. It offers a more nuanced view of corporate credit markets.
Q: Who uses the HQMCB46Y6M data?
A: Financial analysts, corporate treasurers, economists, and investment professionals use this data to assess market conditions, make investment decisions, and understand long-term economic trends.
Q: How does this rate impact corporate financing?
A: The rate helps corporations understand their potential long-term borrowing costs and guides strategic financial planning. Lower rates typically indicate more favorable borrowing conditions.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data regularly, with precise frequency depending on market conditions and data collection processes. Users should check FRED for the most current information.
Related Trends
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Citation
U.S. Federal Reserve, 46.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB46Y6M], retrieved from FRED.
Last Checked: 8/1/2025