4.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB4Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.45
Year-over-Year Change
-6.12%
Date Range
1/1/1984 - 7/1/2025
Summary
The 4.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a 4.5-year maturity. This metric provides critical insights into corporate borrowing costs and overall market credit 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 represents a benchmark for corporate debt pricing across different maturities, reflecting market expectations about interest rates and corporate credit risk. Economists and financial analysts use this rate to assess corporate financial health and potential investment opportunities.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across various market segments.
Historical Context
This rate is crucial for monetary policy analysis, corporate finance decision-making, and understanding broader economic credit market dynamics.
Key Facts
- Represents high-quality corporate bond yields for 4.5-year maturities
- Provides insights into corporate borrowing costs
- Used as a benchmark for credit market analysis
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds at a 4.5-year maturity, reflecting market expectations about interest rates and corporate credit risk.
Q: How is this rate different from other bond yield measurements?
A: Unlike generic bond indices, the HQM rate specifically focuses on high-quality corporate bonds and provides a more precise view of corporate borrowing costs.
Q: Who uses the HQMCB4Y6M data?
A: Economists, financial analysts, corporate treasurers, and policymakers use this data to assess credit market conditions and make informed financial decisions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and changes in corporate bond yields.
Q: What are the limitations of this rate?
A: The rate represents a specific segment of corporate bonds and may not fully capture the entire spectrum of corporate debt market conditions.
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Citation
U.S. Federal Reserve, 4.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB4Y6M], retrieved from FRED.
Last Checked: 8/1/2025