47.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB47Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
10.32%
Date Range
1/1/1984 - 7/1/2025
Summary
The 47.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across high-quality debt instruments. This metric provides investors and economists with a comprehensive view of corporate borrowing costs and market expectations for long-term 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 yield curve for high-quality corporate bonds with extended maturities. Economists use this rate to assess corporate credit markets, investment attractiveness, and potential economic trends related to long-term corporate financing.
Methodology
The rate is calculated by the Federal Reserve using a complex methodology that considers multiple high-quality corporate bond yields across different maturities and credit ratings.
Historical Context
This trend is crucial for monetary policy analysis, investment strategy development, and understanding long-term corporate financing dynamics.
Key Facts
- Represents high-quality corporate bond yields for extremely long-term maturities
- Provides insight into corporate borrowing costs and market expectations
- Used by investors, economists, and policymakers for strategic analysis
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The HQM rate specifically tracks bonds from corporations with strong credit ratings and financial stability. These are typically large, well-established companies with proven financial performance.
Q: How does the 47.5-year maturity impact the rate?
A: Longer-term bonds typically carry higher yields to compensate investors for extended risk and potential future economic uncertainties. The 47.5-year timeframe represents an extremely long-term investment horizon.
Q: How frequently is this rate updated?
A: The Federal Reserve updates this rate periodically, typically on a monthly basis, reflecting current market conditions and corporate bond market dynamics.
Q: Why do investors care about this specific rate?
A: This rate provides a comprehensive view of long-term corporate borrowing costs and can signal broader economic trends, investment opportunities, and potential market shifts.
Q: Are there limitations to using this rate?
A: While valuable, the rate represents a specific segment of the corporate bond market and should be considered alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, 47.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB47Y6M], retrieved from FRED.
Last Checked: 8/1/2025