63.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB63Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.27
Year-over-Year Change
10.97%
Date Range
1/1/1984 - 7/1/2025
Summary
The 63.5-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 broader economic expectations for extended investment horizons.
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 curve for high-quality corporate bonds with extended maturities. Economists and financial analysts use this rate to assess long-term corporate credit conditions 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 multiple maturity periods and adjusts for market conditions.
Historical Context
This spot rate is crucial for corporate financial planning, investment strategy assessment, and macroeconomic policy analysis related to long-term corporate debt markets.
Key Facts
- Represents a 63.5-year corporate bond yield benchmark
- Provides insights into long-term corporate borrowing costs
- Calculated using high-quality corporate bond data
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds over an extended 63.5-year period. It helps investors and economists understand long-term corporate borrowing costs and economic expectations.
Q: How is this rate different from standard bond yields?
A: Unlike standard bond yields, this rate provides a comprehensive view of long-term corporate bond markets, accounting for multiple maturity periods and high-quality corporate debt characteristics.
Q: Who uses the HQMCB63Y6M data?
A: Financial analysts, corporate treasurers, economists, and institutional investors use this data for long-term financial planning and economic trend analysis.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate bond performance.
Q: What are the limitations of this rate?
A: The rate represents a theoretical benchmark and may not perfectly reflect all market conditions or individual corporate bond performances.
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Citation
U.S. Federal Reserve, 63.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB63Y6M], retrieved from FRED.
Last Checked: 8/1/2025