64-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB64YR • 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 64-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across high-quality issuers. This metric provides essential insights into corporate borrowing costs and broader market interest rate expectations.
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 tracks the theoretical yield for high-quality corporate bonds with a 64-year maturity, reflecting long-term corporate debt market conditions. Economists and financial analysts use this rate to assess corporate financing costs, investment attractiveness, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a sophisticated yield curve estimation method that considers high-quality corporate bond market data.
Historical Context
This rate is crucial for institutional investors, corporate financial planners, and policymakers in evaluating long-term investment strategies and economic forecasting.
Key Facts
- Represents theoretical yields for high-quality 64-year corporate bonds
- Provides insight into long-term corporate borrowing costs
- Calculated using advanced yield curve estimation techniques
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 64-year maturity, reflecting long-term market expectations and borrowing costs.
Q: How is this rate different from standard bond yields?
A: Unlike standard bond yields, this rate represents a theoretical 64-year spot rate for high-quality corporate bonds, providing a unique long-term market perspective.
Q: Who uses the HQMCB64YR data?
A: Institutional investors, corporate financial strategists, economists, and policymakers use this data for long-term financial planning and economic analysis.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate bond market dynamics.
Q: What limitations exist in interpreting this rate?
A: The rate is theoretical and represents a specific market segment, so it should be considered alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, 64-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB64YR], retrieved from FRED.
Last Checked: 8/1/2025