59-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB59YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.25
Year-over-Year Change
10.82%
Date Range
1/1/1984 - 7/1/2025
Summary
The 59-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the theoretical yield for a zero-coupon corporate bond with a specific 59-year maturity. This rate is a critical benchmark for long-term corporate debt pricing and provides insights into corporate borrowing costs and market expectations.
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 tracks the yield curve for high-quality corporate bonds over an extended 59-year period. Economists and financial analysts use this rate to assess long-term corporate credit markets, investment risk, and potential economic trends.
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 market conditions.
Historical Context
This rate is used by policymakers, investors, and financial institutions to evaluate long-term corporate credit markets, assess investment strategies, and understand potential economic shifts.
Key Facts
- Represents theoretical yield for zero-coupon 59-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Calculated using advanced interpolation techniques by the Federal Reserve
FAQs
Q: What does the 59-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the theoretical yield for high-quality corporate bonds with a 59-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from standard bond yields?
A: Unlike standard bond yields, this rate is a theoretical zero-coupon yield specifically calculated for a 59-year maturity, providing a more nuanced view of long-term corporate credit markets.
Q: Who uses the HQMCB59YR rate?
A: Financial analysts, investors, corporate treasurers, and policymakers use this rate to assess long-term investment strategies and understand corporate credit market trends.
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 calculation and may not perfectly reflect actual market conditions, and it represents a specific segment of high-quality corporate bonds.
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Citation
U.S. Federal Reserve, 59-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB59YR], retrieved from FRED.
Last Checked: 8/1/2025