73.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB73Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
11.31%
Date Range
1/1/1984 - 7/1/2025
Summary
The 73.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks long-term corporate bond yields for high-quality debt instruments. 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 across an extended 73.5-year maturity horizon. Economists and financial analysts use this rate to assess long-term corporate credit market conditions and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This trend is utilized by policymakers, investors, and economic researchers to evaluate long-term corporate financing costs and broader economic expectations.
Key Facts
- Represents an ultra-long-term corporate bond yield metric
- Provides insights into corporate borrowing costs
- Calculated using high-quality corporate bond data
FAQs
Q: What does the 73.5-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates long-term corporate borrowing costs for high-quality debt instruments. It reflects market expectations for extended-period interest rates and corporate credit conditions.
Q: How is this rate different from standard corporate bond rates?
A: Unlike standard rates, this metric covers an exceptionally long 73.5-year horizon, providing a unique perspective on ultra-long-term corporate financing expectations.
Q: Who uses this specific rate?
A: Institutional investors, economic researchers, central bank analysts, and corporate financial strategists use this rate for long-term economic planning and market analysis.
Q: How frequently is this rate updated?
A: The Federal Reserve typically updates this rate periodically, with precise update schedules available through official FRED economic data channels.
Q: What are potential limitations of this rate?
A: The ultra-long-term nature means the rate can be influenced by complex macroeconomic factors and may not always reflect immediate market conditions.
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Citation
U.S. Federal Reserve, 73.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB73Y6M], retrieved from FRED.
Last Checked: 8/1/2025