93-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB93YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.33
Year-over-Year Change
11.44%
Date Range
1/1/1984 - 7/1/2025
Summary
The 93-Year High Quality Market 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 overall 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
This economic indicator represents the theoretical yield curve for high-quality corporate bonds with a 93-year maturity, reflecting sophisticated market pricing for extremely long-term corporate debt. Economists and financial analysts use this rate to understand deep structural expectations about future economic conditions and corporate financial health.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve estimation methodology that interpolates bond market data across multiple quality and maturity segments.
Historical Context
Policymakers and institutional investors use this rate to assess long-term economic trends, corporate credit conditions, and potential investment strategies.
Key Facts
- Represents an extremely long-term corporate bond yield perspective
- Provides insights into market expectations beyond typical investment horizons
- Reflects sophisticated financial market pricing mechanisms
FAQs
Q: What makes this a 'High Quality Market' rate?
A: The rate specifically tracks bonds from corporations with strong credit ratings and financial stability. It excludes lower-quality or higher-risk corporate debt instruments.
Q: Why is a 93-year bond rate significant?
A: The extremely long maturity provides unique insights into very long-term market expectations about economic conditions, inflation, and corporate performance.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this data periodically, with precise frequency depending on market conditions and data collection processes.
Q: Who primarily uses this economic indicator?
A: Institutional investors, central bank researchers, economic policy analysts, and sophisticated corporate financial strategists most frequently reference this rate.
Q: What are the limitations of this data point?
A: The extreme long-term nature means the rate can be highly theoretical and may not directly reflect immediate market conditions or short-term investment strategies.
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Citation
U.S. Federal Reserve, 93-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB93YR], retrieved from FRED.
Last Checked: 8/1/2025