81.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB81Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.31
Year-over-Year Change
11.29%
Date Range
1/1/1984 - 7/1/2025
Summary
The 81.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks long-term corporate bond yields across high-quality credit instruments. This metric provides critical insights into corporate borrowing costs and broader market expectations for interest rates and economic 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 sophisticated measure of corporate bond yields adjusted for credit quality and maturity. Economists and financial analysts use this rate to assess corporate financing conditions and potential shifts in investment risk premiums.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers multiple high-quality corporate bond characteristics and market yields.
Historical Context
This trend is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies across different economic cycles.
Key Facts
- Represents yields for high-quality corporate bonds over an 81.5-year horizon
- Provides a standardized measure of corporate borrowing costs
- Reflects broader economic expectations and credit market conditions
FAQs
Q: What makes this corporate bond rate 'high quality'?
A: High-quality corporate bonds are issued by financially stable companies with strong credit ratings, typically AAA or AA, indicating lower default risk.
Q: How do changes in this rate impact corporate borrowing?
A: Fluctuations in the rate directly influence corporate borrowing costs, with higher rates making debt more expensive and potentially reducing corporate investment.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, providing a current snapshot of corporate bond market conditions.
Q: Why is an 81.5-year horizon significant?
A: The extended time horizon allows for comprehensive analysis of long-term market trends and structural changes in corporate financing.
Q: Can investors use this rate for decision-making?
A: Investors can use this rate as one indicator among many to assess potential fixed-income investments and overall market conditions.
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Citation
U.S. Federal Reserve, 81.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB81Y6M], retrieved from FRED.
Last Checked: 8/1/2025