79-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB79YR • 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-Year High Quality Market (HQM) Corporate Bond Spot Rate represents a long-term benchmark for high-quality corporate bond yields in the United States. This metric provides critical insight into corporate borrowing costs and overall market credit conditions.
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 for corporate bonds with a 79-year maturity, offering economists a comprehensive view of long-term corporate debt pricing. It reflects market expectations about future interest rates, corporate financial health, and broader economic stability.
Methodology
The rate is calculated using a sophisticated curve-fitting methodology that interpolates yields across different corporate bond maturities to create a consistent, comprehensive spot rate curve.
Historical Context
Policymakers and financial analysts use this rate to assess long-term credit market trends, evaluate corporate financing costs, and inform macroeconomic forecasting models.
Key Facts
- Represents a theoretical 79-year corporate bond yield
- Provides insight into long-term corporate borrowing costs
- Used by economists to assess market credit expectations
FAQs
Q: What does the 79-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 79-year maturity, reflecting long-term market expectations about interest rates and corporate credit conditions.
Q: How is this rate different from standard bond yields?
A: Unlike standard bond yields, this rate uses a sophisticated curve-fitting method to create a comprehensive view of long-term corporate debt pricing across multiple maturities.
Q: Who uses the HQMCB79YR data?
A: Economists, financial analysts, policymakers, and corporate financial strategists use this data to assess long-term market trends and make strategic financial decisions.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, reflecting current market conditions and changes in corporate bond pricing.
Q: What are the limitations of this metric?
A: The rate is a theoretical construct and represents high-quality corporate bonds, so it may not perfectly reflect all market segments or individual corporate credit risks.
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Citation
U.S. Federal Reserve, 79-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB79YR], retrieved from FRED.
Last Checked: 8/1/2025