79.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB79Y6M • 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 79.5-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 economists and investors with a sophisticated view of corporate borrowing costs and market expectations for long-term corporate 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 is a sophisticated yield curve measurement that tracks the theoretical spot rates for high-quality corporate bonds across an extended 79.5-year maturity horizon. Economists use this rate to assess long-term corporate credit markets, evaluate investment risks, and understand potential shifts in corporate financing strategies.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve estimation technique that interpolates corporate bond yields across different maturities and credit qualities.
Historical Context
This rate is crucial for pension fund managers, corporate financial planners, and macroeconomic policy analysts in assessing long-term investment and borrowing strategies.
Key Facts
- Represents a comprehensive view of high-quality corporate bond yields
- Provides insight into long-term corporate borrowing costs
- Used by institutional investors for strategic financial planning
FAQs
Q: What makes this spot rate unique?
A: The 79.5-year horizon provides an exceptionally long-term perspective on corporate bond yields, distinguishing it from shorter-term benchmarks.
Q: How do investors use this rate?
A: Investors analyze this rate to assess long-term corporate credit risks and potential investment returns across extended time horizons.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate credit dynamics.
Q: What sectors find this rate most relevant?
A: Financial services, pension funds, and long-term institutional investors rely heavily on this comprehensive bond yield metric.
Q: Are there limitations to this rate?
A: While comprehensive, the rate represents a theoretical construct and may not perfectly reflect all market nuances at any given moment.
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Citation
U.S. Federal Reserve, 79.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB79Y6M], retrieved from FRED.
Last Checked: 8/1/2025