9.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB9Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.16
Year-over-Year Change
1.18%
Date Range
1/1/1984 - 7/1/2025
Summary
The 9.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a specific maturity duration. This metric provides critical insights into corporate borrowing costs and market expectations for 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 benchmark for corporate bond yields, reflecting the current market pricing of corporate debt across different credit qualities. 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 comprehensive methodology that considers multiple high-quality corporate bond characteristics and market yields.
Historical Context
This rate is crucial for evaluating corporate financing costs, investment strategies, and potential economic shifts in credit markets.
Key Facts
- Represents yields for high-quality corporate bonds at 9.5-year maturity
- Provides insight into corporate borrowing costs
- Used by investors and economists to assess market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds at a specific maturity. It reflects market expectations for corporate borrowing costs and interest rates.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, with precise frequency depending on market conditions and data collection methods.
Q: Why do investors track this rate?
A: Investors use this rate to assess corporate bond valuations, compare investment opportunities, and understand broader economic trends in credit markets.
Q: How does this rate relate to economic policy?
A: The rate provides insights for monetary policy makers about corporate financing conditions and potential economic pressures.
Q: What are the limitations of this rate?
A: The rate represents a specific segment of corporate bonds and may not fully capture all market dynamics or individual corporate credit risks.
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2-Year High Quality Market (HQM) Corporate Bond Spot Rate
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6-Year High Quality Market (HQM) Corporate Bond Spot Rate
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Citation
U.S. Federal Reserve, 9.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB9Y6M], retrieved from FRED.
Last Checked: 8/1/2025