57-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB57YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.25
Year-over-Year Change
10.82%
Date Range
1/1/1984 - 7/1/2025
Summary
The 57-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield for high-quality corporate bonds with a 57-year maturity. This metric provides critical insights into long-term corporate borrowing costs and investor expectations for corporate debt markets.
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 is a sophisticated financial indicator that tracks the theoretical yield curve for top-tier corporate bonds with extended maturities. Economists and financial analysts use this rate to assess long-term corporate credit conditions and broader economic expectations.
Methodology
The rate is calculated using a complex yield curve estimation methodology that considers high-quality corporate bond pricing across multiple maturity segments.
Historical Context
This rate is utilized by central banks, investment strategists, and policymakers to evaluate long-term corporate credit markets and potential economic trends.
Key Facts
- Represents yields for high-quality corporate bonds with a 57-year maturity
- Provides insights into long-term corporate borrowing expectations
- Used by financial professionals to assess credit market conditions
FAQs
Q: What makes this a 'high quality' bond rate?
A: High quality refers to corporate bonds from financially stable companies with strong credit ratings, typically AAA or AA. These bonds represent lower default risk compared to lower-rated corporate debt.
Q: How does the 57-year spot rate differ from shorter-term rates?
A: The 57-year rate captures extremely long-term borrowing costs, reflecting more distant economic expectations compared to shorter-term rates which indicate near-term economic conditions.
Q: Who primarily uses the HQMCB57YR data?
A: Institutional investors, central bank economists, corporate financial planners, and macroeconomic researchers use this data for long-term financial planning and economic analysis.
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 processes.
Q: What are potential limitations of this rate?
A: The rate represents a theoretical construct and may not perfectly reflect actual market transactions, especially for such an extended 57-year maturity period.
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Citation
U.S. Federal Reserve, 57-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB57YR], retrieved from FRED.
Last Checked: 8/1/2025