73-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB73YR • 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-Year High Quality Market Corporate Bond Spot Rate provides a comprehensive measure of long-term corporate bond yields across high-quality issuers. This metric is crucial for understanding corporate borrowing costs and broader economic investment trends.
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
This spot rate represents the theoretical yield of corporate bonds with a 73-year maturity, reflecting the most extended corporate debt market perspective available. Economists use this rate to assess long-term corporate credit conditions and potential economic stability.
Methodology
The rate is calculated by the Federal Reserve using a sophisticated yield curve estimation method that considers high-quality corporate bond market data.
Historical Context
Policymakers and investors analyze this rate to understand long-term economic expectations, corporate financing costs, and potential investment strategies.
Key Facts
- Represents the most extended corporate bond yield measurement available
- Provides insight into long-term corporate borrowing costs
- Calculated using advanced yield curve estimation techniques
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The rate specifically tracks bonds from high-credit-quality corporate issuers with minimal default risk. This ensures a more stable and reliable long-term yield measurement.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, with most current data available through official economic reporting channels.
Q: Why is a 73-year spot rate significant?
A: The 73-year timeframe provides an unprecedented long-term view of corporate bond market expectations and potential economic trajectories.
Q: How do investors use this rate?
A: Investors analyze this rate to assess long-term investment strategies, understand corporate credit conditions, and make informed portfolio decisions.
Q: What are the limitations of this rate?
A: While comprehensive, the rate represents a theoretical measurement and may not perfectly predict actual market conditions due to potential future economic changes.
Related Trends
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HQMCB41YR
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HQMCB83Y6M
7.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
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49-Year High Quality Market (HQM) Corporate Bond Spot Rate
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Citation
U.S. Federal Reserve, 73-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB73YR], retrieved from FRED.
Last Checked: 8/1/2025