94-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB94YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.34
Year-over-Year Change
11.62%
Date Range
1/1/1984 - 7/1/2025
Summary
The 94-Year High Quality Market Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across high-quality debt instruments. This metric provides crucial insights 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 high-quality corporate bonds with a 94-year maturity, offering economists a comprehensive view of long-term corporate debt pricing. Analysts use this rate to assess market expectations, credit risk, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a complex yield curve methodology that interpolates bond pricing across multiple maturities and quality levels.
Historical Context
Policymakers and financial strategists utilize this rate to understand long-term investment expectations, corporate financing costs, and potential macroeconomic shifts.
Key Facts
- Represents a 94-year theoretical corporate bond yield
- Provides insights into long-term corporate borrowing costs
- Calculated using advanced yield curve interpolation techniques
FAQs
Q: What makes this rate unique?
A: The 94-year maturity provides an extremely long-term perspective on corporate bond pricing, which is unusual in standard market benchmarks.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and bond market dynamics.
Q: Why do economists track this rate?
A: It offers a comprehensive view of long-term corporate credit costs and potential economic expectations beyond standard shorter-term benchmarks.
Q: How does this rate impact investment strategies?
A: Investors use this rate to assess long-term corporate bond valuations and make informed decisions about fixed-income investments.
Q: What are the limitations of this rate?
A: The theoretical 94-year maturity means it's more of an analytical tool than a direct representation of actively traded bonds.
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Citation
U.S. Federal Reserve, 94-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB94YR], retrieved from FRED.
Last Checked: 8/1/2025