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10-Year High Quality Market (HQM) Corporate Bond Spot Rate (HQMCB10YR)

Observations

Aug 2025: 5.09
Updated: Sep 8, 2025 2:33 PM CDT
Aug 2025:  5.09  
Jul 2025:  5.22  
Jun 2025:  5.28  
May 2025:  5.39  
Apr 2025:  5.33  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Monthly

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Notes

Title Release Dates
10-Year High Quality Market (HQM) Corporate Bond Spot Rate 2016-12-05 2025-09-08
 
Source    
U.S. Department of the Treasury 2016-12-05 2025-09-08
 
Release    
Corporate Bond Yield Curve 2016-12-05 2025-09-08
 
Units    
Percent 2016-12-05 2025-09-08
 
Frequency    
Monthly 2016-12-05 2025-09-08
 
Seasonal Adjustment    
Not Seasonally Adjusted 2016-12-05 2025-09-08
 
Notes    
The spot rate for any maturity is defined as the yield on a bond that gives a single payment at that maturity. This is called a zero coupon bond. Because high quality zero coupon bonds are not generally available, the HQM methodology computes the spot rates so as to make them consistent with the yields on other high quality bonds. The HQM yield curve uses data from a set of high quality corporate bonds rated AAA, AA, or A that accurately represent the high quality corporate bond market.

The HQM methodology projects yields beyond 30 years maturity out to 100 years maturity to get discount rates for long-dated pension liabilities.

For more information see https://www.treasury.gov/resource-center/economic-policy/corp-bond-yield/Pages/Corp-Yield-Bond-Curve-Papers.aspx

2016-12-05 2019-06-12
The spot rate for any maturity is defined as the yield on a bond that gives a single payment at that maturity. This is called a zero coupon bond. Because high quality zero coupon bonds are not generally available, the HQM methodology computes the spot rates so as to make them consistent with the yields on other high quality bonds. The HQM yield curve uses data from a set of high quality corporate bonds rated AAA, AA, or A that accurately represent the high quality corporate bond market.

The HQM methodology projects yields beyond 30 years maturity out to 100 years maturity to get discount rates for long-dated pension liabilities.

Visit the Treasury (https://www.treasury.gov/resource-center/economic-policy/corp-bond-yield/Pages/Corp-Yield-Bond-Curve-Papers.aspx) for more information.

2019-06-13 2025-09-08

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US Treasury 10-Year Bonds Corporate Interest Rate Interest Rate Monthly Nation Public Domain: Citation Requested United States of America Not Seasonally Adjusted