78.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB78Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.31
Year-over-Year Change
11.29%
Date Range
1/1/1984 - 7/1/2025
Summary
The 78.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across high-quality debt instruments. This metric provides investors and economists with a comprehensive view of corporate borrowing costs and market expectations for long-term debt.
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 tracks the theoretical yield curve for high-quality corporate bonds with an extended 78.5-year maturity, offering insights into long-term corporate credit markets. Economists use this rate to assess corporate financing conditions, investment risk premiums, and broader economic expectations.
Methodology
The rate is calculated by the Federal Reserve using a sophisticated yield curve estimation methodology that considers multiple high-quality corporate bond characteristics and market conditions.
Historical Context
This rate is crucial for pension fund managers, long-term investment strategists, and policymakers analyzing corporate debt markets and economic forecasting.
Key Facts
- Represents an ultra-long-term corporate bond yield benchmark
- Provides insights into corporate credit market expectations
- Used by institutional investors for strategic financial planning
FAQs
Q: What makes this 78.5-year spot rate unique?
A: The extremely long maturity provides an unprecedented view of corporate bond market expectations far into the future. It captures long-term economic and credit market perspectives beyond typical bond benchmarks.
Q: How do investors use this rate?
A: Institutional investors and pension funds use this rate to assess long-term investment strategies and evaluate corporate credit risk over extended periods. It helps in making informed decisions about ultra-long-term debt investments.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate credit market dynamics. Precise update frequency can vary based on market volatility.
Q: What economic factors influence this rate?
A: Factors like inflation expectations, long-term economic growth projections, corporate financial health, and overall market risk sentiment significantly impact this ultra-long-term corporate bond rate.
Q: Are there limitations to using this rate?
A: While comprehensive, the 78.5-year rate represents a theoretical construct and may not perfectly reflect actual market transactions. It should be used alongside other financial indicators for holistic analysis.
Related Trends
ICE BofA EMEA Emerging Markets Corporate Plus Index Semi-Annual Yield to Worst
BAMLEMRECRPIEMEASYTW
ICE BofA BBB US Corporate Index Effective Yield
BAMLC0A4CBBBEY
Moody's Seasoned Aaa Corporate Bond Yield
AAA
ICE BofA Crossover Emerging Markets Corporate Plus Index Effective Yield
BAMLEM5BCOCRPIEY
ICE BofA Financial US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst
BAMLEMFLFLCRPIUSSYTW
60.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB60Y6M
Citation
U.S. Federal Reserve, 78.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB78Y6M], retrieved from FRED.
Last Checked: 8/1/2025