76.5-Year High Quality Market (HQM) Corporate Bond Spot Rate

HQMCB76Y6M • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

6.30

Year-over-Year Change

11.11%

Date Range

1/1/1984 - 7/1/2025

Summary

The 76.5-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 interest rates and 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

This spot rate represents the theoretical yield of a zero-coupon corporate bond with a specific 76.5-year maturity, calculated using high-quality market corporate bond data. Economists and financial analysts use this rate to assess long-term corporate debt pricing and broader economic trends.

Methodology

The rate is calculated by the Federal Reserve using a comprehensive analysis of high-quality corporate bond market data, applying advanced yield curve estimation techniques.

Historical Context

Policymakers and investors use this rate to evaluate long-term economic expectations, corporate financial health, and potential investment strategies.

Key Facts

  • Represents a theoretical zero-coupon corporate bond yield
  • Provides insight into long-term corporate borrowing costs
  • Part of the Federal Reserve's comprehensive market analysis tools

FAQs

Q: What does the 76.5-Year HQM Corporate Bond Spot Rate indicate?

A: It shows the theoretical yield for a high-quality corporate bond with a 76.5-year maturity, reflecting long-term market expectations and borrowing costs.

Q: How is this rate different from standard bond yields?

A: Unlike typical bond rates, this is a zero-coupon theoretical rate that provides a pure measure of long-term yield expectations without periodic interest payments.

Q: Who uses this specific spot rate?

A: Economists, financial analysts, policymakers, and institutional investors use this rate to assess long-term economic conditions and corporate financial trends.

Q: How often is this rate updated?

A: The Federal Reserve typically updates this rate periodically, reflecting current market conditions and corporate bond market dynamics.

Q: What limitations exist in interpreting this rate?

A: The rate is theoretical and based on high-quality corporate bonds, so it may not perfectly represent all market segments or individual corporate borrowing conditions.

Related Trends

Citation

U.S. Federal Reserve, 76.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB76Y6M], retrieved from FRED.

Last Checked: 8/1/2025