90.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB90Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.33
Year-over-Year Change
11.44%
Date Range
1/1/1984 - 7/1/2025
Summary
The 90.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks long-term corporate bond yields across high-quality issuers. This metric provides critical insights into corporate borrowing costs and market expectations for long-term interest rates.
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, constructed to reflect the most creditworthy corporate debt instruments. Economists and financial analysts use this rate to assess corporate financing conditions and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve methodology that considers high-quality corporate bonds across multiple maturities and credit ratings.
Historical Context
This indicator is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment and borrowing dynamics.
Key Facts
- Represents yields for high-quality corporate bonds over a 90.5-year horizon
- Provides a comprehensive view of long-term corporate borrowing costs
- Used by policymakers and investors to assess economic conditions
FAQs
Q: What makes this corporate bond rate 'high quality'?
A: High-quality bonds are issued by financially stable corporations 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 the cost of long-term corporate debt, affecting companies' ability to finance expansion and investments.
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 do investors track this specific 90.5-year spot rate?
A: The extended time horizon provides unique insights into long-term market expectations and potential economic trends beyond standard shorter-term measurements.
Q: What are the limitations of this economic indicator?
A: While comprehensive, the rate only represents high-quality corporate bonds and may not fully capture the entire spectrum of corporate debt markets.
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Citation
U.S. Federal Reserve, 90.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB90Y6M], retrieved from FRED.
Last Checked: 8/1/2025