66.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB66Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.28
Year-over-Year Change
11.15%
Date Range
1/1/1984 - 7/1/2025
Summary
The 66.5-Year High Quality Market (HQM) Corporate Bond Spot Rate is a critical financial indicator that tracks long-term corporate bond yields across high-quality issuers. 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 represents a sophisticated measure of corporate bond yields, calculated using a comprehensive methodology that considers multiple high-quality corporate bond characteristics. 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 statistical approach that aggregates yields from high-quality corporate bonds across different maturities and credit ratings.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment expectations in the U.S. corporate debt market.
Key Facts
- Represents yields for high-quality corporate bonds over a 66.5-year horizon
- Provides insights into long-term corporate borrowing costs
- Used by economists and financial professionals for strategic analysis
FAQs
Q: What makes this corporate bond rate unique?
A: The 66.5-year horizon provides an exceptionally long-term view of corporate bond yields, offering rare insights into extended economic expectations.
Q: How do changes in this rate impact investors?
A: Significant changes can signal shifts in corporate credit risk, investment attractiveness, and broader economic conditions for long-term investors.
Q: How is the High Quality Market (HQM) determined?
A: The HQM classification involves rigorous screening of corporate bonds based on credit quality, financial stability, and market performance.
Q: Why do policymakers track this rate?
A: The rate helps policymakers understand long-term economic expectations, potential inflationary pressures, and corporate sector health.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data periodically, with precise frequency depending on market conditions and data collection processes.
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Citation
U.S. Federal Reserve, 66.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB66Y6M], retrieved from FRED.
Last Checked: 8/1/2025