98-Year High Quality Market (HQM) Corporate Bond Spot Rate
This dataset tracks 98-year high quality market (hqm) corporate bond spot rate over time.
Latest Value
6.34
Year-over-Year Change
11.62%
Date Range
1/1/1984 - 7/1/2025
Summary
The 98-Year High Quality Market Corporate Bond Spot Rate represents a critical long-term benchmark for corporate bond yields across nearly a century of economic data. This metric provides investors and economists with a comprehensive view of corporate bond pricing and long-term interest rate trends.
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 spot rate tracks the theoretical yield of high-quality corporate bonds with a 98-year maturity, offering insights into long-term corporate debt pricing and market expectations. Economists use this rate to understand deep structural trends in corporate financing and capital markets.
Methodology
The rate is calculated using a sophisticated yield curve methodology that interpolates bond prices across multiple quality grades and extended time horizons.
Historical Context
Policymakers and financial analysts use this rate to assess long-term economic expectations, corporate credit conditions, and potential shifts in investment strategies.
Key Facts
- Represents a 98-year corporate bond yield benchmark
- Provides insights into long-term corporate debt pricing
- Critical for understanding deep market structural trends
FAQs
Q: What makes this 98-year spot rate unique?
A: The extremely long 98-year maturity provides an unprecedented view of corporate bond pricing across multiple economic cycles and structural changes.
Q: How do investors use this rate?
A: Investors analyze this rate to understand long-term corporate credit conditions and make strategic asset allocation decisions.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, ensuring current and accurate long-term market insights.
Q: What economic factors influence this rate?
A: Inflation expectations, long-term economic growth projections, and corporate credit risk significantly impact this benchmark rate.
Q: Are there limitations to this data?
A: The extremely long-term nature means the rate can be theoretical and may not perfectly reflect immediate market conditions.
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Citation
U.S. Federal Reserve, 98-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB98YR], retrieved from FRED.
Last Checked: 8/1/2025