99-Year High Quality Market (HQM) Corporate Bond Spot Rate
This dataset tracks 99-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 99-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for a 99-year corporate bond with high credit quality. This long-term rate provides critical insights into market expectations for corporate borrowing costs and long-term economic 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 is a sophisticated financial metric that estimates yields for extremely long-term corporate debt instruments. Economists and financial analysts use this rate to understand deep market expectations about future interest rates, corporate financial health, and long-term economic stability.
Methodology
The rate is calculated by the Federal Reserve using a complex interpolation method that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This rate is used by policymakers, investors, and economic researchers to assess long-term economic trends, corporate financing costs, and potential investment strategies.
Key Facts
- Represents theoretical yield for 99-year high-quality corporate bonds
- Provides insights into long-term market expectations
- Calculated using advanced Federal Reserve interpolation techniques
FAQs
Q: What does the 99-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for a 99-year corporate bond with high credit quality, reflecting long-term market expectations about interest rates and corporate financial conditions.
Q: How is this rate different from standard bond yields?
A: Unlike standard bond yields, this rate represents an extremely long-term projection and uses sophisticated interpolation techniques to estimate yields across multiple maturities.
Q: Who uses the HQMCB99YR data?
A: Economists, financial analysts, policymakers, and institutional investors use this data to assess long-term economic trends and corporate financing expectations.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and changes in corporate bond markets.
Q: What are the limitations of this rate?
A: The rate is a theoretical projection and may not perfectly predict actual future bond yields, as market conditions can change rapidly and unexpectedly.
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Citation
U.S. Federal Reserve, 99-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB99YR], retrieved from FRED.
Last Checked: 8/1/2025