Table Data - 10-Year High Quality Market (HQM) Corporate Bond Spot Rate
| Title | 10-Year High Quality Market (HQM) Corporate Bond Spot Rate |
|---|---|
| Series ID | HQMCB10YR |
| Source | U.S. Department of the Treasury |
| Release | Corporate Bond Yield Curve (Not a Press Release) |
| Seasonal Adjustment | Not Seasonally Adjusted |
| Frequency | Monthly |
| Units | Percent |
| Date Range | 1984-01-01 to 2025-11-01 |
| Last Updated | 2025-12-04 2:05 PM CST |
| 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. Visit the Treasury for more information. |
| DATE | VALUE |
|---|---|
| 1984-01-01 | 12.89 |
| 1984-02-01 | 12.73 |
| 1984-03-01 | 13.12 |
| 1984-04-01 | 13.21 |
| 1984-05-01 | 13.59 |
| 1984-06-01 | 13.65 |
| 1984-07-01 | 13.66 |
| 1984-08-01 | 13.20 |
| 1984-09-01 | 12.95 |
| 1984-10-01 | 13.16 |
| 1984-11-01 | 12.79 |
| 1984-12-01 | 12.48 |
| 1985-01-01 | 12.37 |
| 1985-02-01 | 12.44 |
| 1985-03-01 | 12.80 |
| 1985-04-01 | 12.47 |
| 1985-05-01 | 12.13 |
| 1985-06-01 | 11.73 |
| 1985-07-01 | 11.58 |
| 1985-08-01 | 11.55 |
| 1985-09-01 | 11.45 |
| 1985-10-01 | 11.28 |
| 1985-11-01 | 10.91 |
| 1985-12-01 | 10.64 |
| 1986-01-01 | 10.32 |
| 1986-02-01 | 10.07 |
| 1986-03-01 | 9.68 |
| 1986-04-01 | 9.35 |
| 1986-05-01 | 9.23 |
| 1986-06-01 | 9.31 |
| 1986-07-01 | 9.26 |
| 1986-08-01 | 9.05 |
| 1986-09-01 | 9.08 |
| 1986-10-01 | 9.13 |
| 1986-11-01 | 8.98 |
| 1986-12-01 | 8.77 |
| 1987-01-01 | 8.45 |
| 1987-02-01 | 8.49 |
| 1987-03-01 | 8.39 |
| 1987-04-01 | 8.94 |
| 1987-05-01 | 9.41 |
| 1987-06-01 | 9.48 |
| 1987-07-01 | 9.63 |
| 1987-08-01 | 9.90 |
| 1987-09-01 | 10.46 |
| 1987-10-01 | 10.71 |
| 1987-11-01 | 10.22 |
| 1987-12-01 | 10.25 |
| 1988-01-01 | 10.02 |
| 1988-02-01 | 9.52 |
| 1988-03-01 | 9.55 |
| 1988-04-01 | 9.76 |
| 1988-05-01 | 10.00 |
| 1988-06-01 | 9.95 |
| 1988-07-01 | 9.99 |
| 1988-08-01 | 10.12 |
| 1988-09-01 | 9.92 |
| 1988-10-01 | 9.74 |
| 1988-11-01 | 9.83 |
| 1988-12-01 | 9.92 |
| 1989-01-01 | 9.87 |
| 1989-02-01 | 9.90 |
| 1989-03-01 | 10.08 |
| 1989-04-01 | 9.97 |
| 1989-05-01 | 9.74 |
| 1989-06-01 | 9.25 |
| 1989-07-01 | 8.96 |
| 1989-08-01 | 8.97 |
| 1989-09-01 | 9.08 |
| 1989-10-01 | 8.96 |
| 1989-11-01 | 8.88 |
| 1989-12-01 | 8.93 |
| 1990-01-01 | 9.21 |
| 1990-02-01 | 9.47 |
| 1990-03-01 | 9.49 |
| 1990-04-01 | 9.64 |
| 1990-05-01 | 9.62 |
| 1990-06-01 | 9.40 |
| 1990-07-01 | 9.42 |
| 1990-08-01 | 9.62 |
| 1990-09-01 | 9.76 |
| 1990-10-01 | 9.84 |
| 1990-11-01 | 9.74 |
| 1990-12-01 | 9.52 |
| 1991-01-01 | 9.48 |
| 1991-02-01 | 9.24 |
| 1991-03-01 | 9.29 |
| 1991-04-01 | 9.15 |
| 1991-05-01 | 9.15 |
| 1991-06-01 | 9.25 |
| 1991-07-01 | 9.27 |
| 1991-08-01 | 8.99 |
| 1991-09-01 | 8.77 |
| 1991-10-01 | 8.62 |
| 1991-11-01 | 8.57 |
| 1991-12-01 | 8.25 |
| 1992-01-01 | 8.10 |
| 1992-02-01 | 8.38 |
| 1992-03-01 | 8.52 |
| 1992-04-01 | 8.46 |
| 1992-05-01 | 8.41 |
| 1992-06-01 | 8.23 |
| 1992-07-01 | 7.88 |
| 1992-08-01 | 7.63 |
| 1992-09-01 | 7.45 |
| 1992-10-01 | 7.61 |
| 1992-11-01 | 7.92 |
| 1992-12-01 | 7.83 |
| 1993-01-01 | 7.68 |
| 1993-02-01 | 7.29 |
| 1993-03-01 | 7.03 |
| 1993-04-01 | 6.98 |
| 1993-05-01 | 6.98 |
| 1993-06-01 | 6.91 |
| 1993-07-01 | 6.72 |
| 1993-08-01 | 6.60 |
| 1993-09-01 | 6.25 |
| 1993-10-01 | 6.21 |
| 1993-11-01 | 6.55 |
| 1993-12-01 | 6.58 |
| 1994-01-01 | 6.54 |
| 1994-02-01 | 6.76 |
| 1994-03-01 | 7.29 |
| 1994-04-01 | 7.88 |
| 1994-05-01 | 8.05 |
| 1994-06-01 | 7.95 |
| 1994-07-01 | 8.13 |
| 1994-08-01 | 8.05 |
| 1994-09-01 | 8.27 |
| 1994-10-01 | 8.55 |
| 1994-11-01 | 8.72 |
| 1994-12-01 | 8.57 |
| 1995-01-01 | 8.54 |
| 1995-02-01 | 8.23 |
| 1995-03-01 | 7.97 |
| 1995-04-01 | 7.82 |
| 1995-05-01 | 7.38 |
| 1995-06-01 | 6.96 |
| 1995-07-01 | 7.07 |
| 1995-08-01 | 7.28 |
| 1995-09-01 | 6.97 |
| 1995-10-01 | 6.79 |
| 1995-11-01 | 6.69 |
| 1995-12-01 | 6.47 |
| 1996-01-01 | 6.43 |
| 1996-02-01 | 6.60 |
| 1996-03-01 | 7.04 |
| 1996-04-01 | 7.26 |
| 1996-05-01 | 7.47 |
| 1996-06-01 | 7.64 |
| 1996-07-01 | 7.58 |
| 1996-08-01 | 7.35 |
| 1996-09-01 | 7.55 |
| 1996-10-01 | 7.24 |
| 1996-11-01 | 6.89 |
| 1996-12-01 | 7.01 |
| 1997-01-01 | 7.28 |
| 1997-02-01 | 7.11 |
| 1997-03-01 | 7.37 |
| 1997-04-01 | 7.56 |
| 1997-05-01 | 7.40 |
| 1997-06-01 | 7.17 |
| 1997-07-01 | 6.88 |
| 1997-08-01 | 6.98 |
| 1997-09-01 | 6.88 |
| 1997-10-01 | 6.73 |
| 1997-11-01 | 6.65 |
| 1997-12-01 | 6.57 |
| 1998-01-01 | 6.35 |
| 1998-02-01 | 6.43 |
| 1998-03-01 | 6.48 |
| 1998-04-01 | 6.46 |
| 1998-05-01 | 6.48 |
| 1998-06-01 | 6.32 |
| 1998-07-01 | 6.33 |
| 1998-08-01 | 6.32 |
| 1998-09-01 | 6.05 |
| 1998-10-01 | 6.00 |
| 1998-11-01 | 6.18 |
| 1998-12-01 | 5.95 |
| 1999-01-01 | 5.96 |
| 1999-02-01 | 6.21 |
| 1999-03-01 | 6.44 |
| 1999-04-01 | 6.39 |
| 1999-05-01 | 6.79 |
| 1999-06-01 | 7.23 |
| 1999-07-01 | 7.16 |
| 1999-08-01 | 7.40 |
| 1999-09-01 | 7.34 |
| 1999-10-01 | 7.49 |
| 1999-11-01 | 7.32 |
| 1999-12-01 | 7.54 |
| 2000-01-01 | 7.91 |
| 2000-02-01 | 7.87 |
| 2000-03-01 | 7.78 |
| 2000-04-01 | 7.71 |
| 2000-05-01 | 8.27 |
| 2000-06-01 | 7.93 |
| 2000-07-01 | 7.84 |
| 2000-08-01 | 7.67 |
| 2000-09-01 | 7.70 |
| 2000-10-01 | 7.70 |
| 2000-11-01 | 7.67 |
| 2000-12-01 | 7.27 |
| 2001-01-01 | 7.08 |
| 2001-02-01 | 6.97 |
| 2001-03-01 | 6.77 |
| 2001-04-01 | 7.00 |
| 2001-05-01 | 7.11 |
| 2001-06-01 | 6.97 |
| 2001-07-01 | 6.92 |
| 2001-08-01 | 6.69 |
| 2001-09-01 | 6.77 |
| 2001-10-01 | 6.51 |
| 2001-11-01 | 6.36 |
| 2001-12-01 | 6.71 |
| 2002-01-01 | 6.61 |
| 2002-02-01 | 6.52 |
| 2002-03-01 | 6.78 |
| 2002-04-01 | 6.73 |
| 2002-05-01 | 6.71 |
| 2002-06-01 | 6.45 |
| 2002-07-01 | 6.39 |
| 2002-08-01 | 6.17 |
| 2002-09-01 | 5.79 |
| 2002-10-01 | 5.93 |
| 2002-11-01 | 5.77 |
| 2002-12-01 | 5.63 |
| 2003-01-01 | 5.51 |
| 2003-02-01 | 5.34 |
| 2003-03-01 | 5.24 |
| 2003-04-01 | 5.25 |
| 2003-05-01 | 4.79 |
| 2003-06-01 | 4.52 |
| 2003-07-01 | 5.13 |
| 2003-08-01 | 5.65 |
| 2003-09-01 | 5.45 |
| 2003-10-01 | 5.41 |
| 2003-11-01 | 5.38 |
| 2003-12-01 | 5.32 |
| 2004-01-01 | 5.18 |
| 2004-02-01 | 5.13 |
| 2004-03-01 | 4.87 |
| 2004-04-01 | 5.40 |
| 2004-05-01 | 5.84 |
| 2004-06-01 | 5.86 |
| 2004-07-01 | 5.61 |
| 2004-08-01 | 5.39 |
| 2004-09-01 | 5.18 |
| 2004-10-01 | 5.14 |
| 2004-11-01 | 5.18 |
| 2004-12-01 | 5.17 |
| 2005-01-01 | 5.14 |
| 2005-02-01 | 5.03 |
| 2005-03-01 | 5.34 |
| 2005-04-01 | 5.24 |
| 2005-05-01 | 5.07 |
| 2005-06-01 | 4.90 |
| 2005-07-01 | 5.04 |
| 2005-08-01 | 5.10 |
| 2005-09-01 | 5.07 |
| 2005-10-01 | 5.34 |
| 2005-11-01 | 5.45 |
| 2005-12-01 | 5.40 |
| 2006-01-01 | 5.36 |
| 2006-02-01 | 5.51 |
| 2006-03-01 | 5.66 |
| 2006-04-01 | 5.94 |
| 2006-05-01 | 6.06 |
| 2006-06-01 | 6.09 |
| 2006-07-01 | 6.07 |
| 2006-08-01 | 5.85 |
| 2006-09-01 | 5.69 |
| 2006-10-01 | 5.69 |
| 2006-11-01 | 5.55 |
| 2006-12-01 | 5.49 |
| 2007-01-01 | 5.68 |
| 2007-02-01 | 5.67 |
| 2007-03-01 | 5.57 |
| 2007-04-01 | 5.70 |
| 2007-05-01 | 5.75 |
| 2007-06-01 | 6.12 |
| 2007-07-01 | 6.14 |
| 2007-08-01 | 6.11 |
| 2007-09-01 | 6.04 |
| 2007-10-01 | 5.94 |
| 2007-11-01 | 5.94 |
| 2007-12-01 | 6.03 |
| 2008-01-01 | 5.87 |
| 2008-02-01 | 6.01 |
| 2008-03-01 | 6.24 |
| 2008-04-01 | 6.12 |
| 2008-05-01 | 6.24 |
| 2008-06-01 | 6.55 |
| 2008-07-01 | 6.83 |
| 2008-08-01 | 6.85 |
| 2008-09-01 | 7.43 |
| 2008-10-01 | 8.85 |
| 2008-11-01 | 8.31 |
| 2008-12-01 | 7.20 |
| 2009-01-01 | 6.87 |
| 2009-02-01 | 7.09 |
| 2009-03-01 | 7.53 |
| 2009-04-01 | 7.19 |
| 2009-05-01 | 7.05 |
| 2009-06-01 | 6.62 |
| 2009-07-01 | 6.25 |
| 2009-08-01 | 5.88 |
| 2009-09-01 | 5.54 |
| 2009-10-01 | 5.49 |
| 2009-11-01 | 5.43 |
| 2009-12-01 | 5.50 |
| 2010-01-01 | 5.48 |
| 2010-02-01 | 5.61 |
| 2010-03-01 | 5.48 |
| 2010-04-01 | 5.45 |
| 2010-05-01 | 5.27 |
| 2010-06-01 | 5.19 |
| 2010-07-01 | 4.91 |
| 2010-08-01 | 4.60 |
| 2010-09-01 | 4.51 |
| 2010-10-01 | 4.43 |
| 2010-11-01 | 4.58 |
| 2010-12-01 | 5.00 |
| 2011-01-01 | 5.02 |
| 2011-02-01 | 5.12 |
| 2011-03-01 | 5.00 |
| 2011-04-01 | 5.00 |
| 2011-05-01 | 4.76 |
| 2011-06-01 | 4.74 |
| 2011-07-01 | 4.72 |
| 2011-08-01 | 4.35 |
| 2011-09-01 | 4.22 |
| 2011-10-01 | 4.36 |
| 2011-11-01 | 4.29 |
| 2011-12-01 | 4.28 |
| 2012-01-01 | 4.16 |
| 2012-02-01 | 4.07 |
| 2012-03-01 | 4.16 |
| 2012-04-01 | 4.09 |
| 2012-05-01 | 3.90 |
| 2012-06-01 | 3.74 |
| 2012-07-01 | 3.44 |
| 2012-08-01 | 3.49 |
| 2012-09-01 | 3.46 |
| 2012-10-01 | 3.30 |
| 2012-11-01 | 3.21 |
| 2012-12-01 | 3.27 |
| 2013-01-01 | 3.44 |
| 2013-02-01 | 3.52 |
| 2013-03-01 | 3.50 |
| 2013-04-01 | 3.30 |
| 2013-05-01 | 3.46 |
| 2013-06-01 | 3.97 |
| 2013-07-01 | 4.23 |
| 2013-08-01 | 4.38 |
| 2013-09-01 | 4.45 |
| 2013-10-01 | 4.23 |
| 2013-11-01 | 4.28 |
| 2013-12-01 | 4.35 |
| 2014-01-01 | 4.20 |
| 2014-02-01 | 4.05 |
| 2014-03-01 | 4.00 |
| 2014-04-01 | 3.91 |
| 2014-05-01 | 3.76 |
| 2014-06-01 | 3.79 |
| 2014-07-01 | 3.71 |
| 2014-08-01 | 3.63 |
| 2014-09-01 | 3.76 |
| 2014-10-01 | 3.59 |
| 2014-11-01 | 3.65 |
| 2014-12-01 | 3.56 |
| 2015-01-01 | 3.26 |
| 2015-02-01 | 3.31 |
| 2015-03-01 | 3.38 |
| 2015-04-01 | 3.30 |
| 2015-05-01 | 3.63 |
| 2015-06-01 | 3.90 |
| 2015-07-01 | 3.93 |
| 2015-08-01 | 3.84 |
| 2015-09-01 | 3.89 |
| 2015-10-01 | 3.79 |
| 2015-11-01 | 3.91 |
| 2015-12-01 | 3.89 |
| 2016-01-01 | 3.84 |
| 2016-02-01 | 3.71 |
| 2016-03-01 | 3.62 |
| 2016-04-01 | 3.40 |
| 2016-05-01 | 3.35 |
| 2016-06-01 | 3.21 |
| 2016-07-01 | 3.03 |
| 2016-08-01 | 3.04 |
| 2016-09-01 | 3.11 |
| 2016-10-01 | 3.21 |
| 2016-11-01 | 3.58 |
| 2016-12-01 | 3.84 |
| 2017-01-01 | 3.73 |
| 2017-02-01 | 3.73 |
| 2017-03-01 | 3.77 |
| 2017-04-01 | 3.58 |
| 2017-05-01 | 3.57 |
| 2017-06-01 | 3.42 |
| 2017-07-01 | 3.49 |
| 2017-08-01 | 3.39 |
| 2017-09-01 | 3.40 |
| 2017-10-01 | 3.45 |
| 2017-11-01 | 3.42 |
| 2017-12-01 | 3.42 |
| 2018-01-01 | 3.54 |
| 2018-02-01 | 3.85 |
| 2018-03-01 | 3.89 |
| 2018-04-01 | 3.96 |
| 2018-05-01 | 4.10 |
| 2018-06-01 | 4.11 |
| 2018-07-01 | 4.12 |
| 2018-08-01 | 4.07 |
| 2018-09-01 | 4.18 |
| 2018-10-01 | 4.30 |
| 2018-11-01 | 4.36 |
| 2018-12-01 | 4.22 |
| 2019-01-01 | 4.15 |
| 2019-02-01 | 4.01 |
| 2019-03-01 | 3.87 |
| 2019-04-01 | 3.75 |
| 2019-05-01 | 3.61 |
| 2019-06-01 | 3.35 |
| 2019-07-01 | 3.21 |
| 2019-08-01 | 2.85 |
| 2019-09-01 | 2.93 |
| 2019-10-01 | 2.91 |
| 2019-11-01 | 2.94 |
| 2019-12-01 | 2.92 |
| 2020-01-01 | 2.79 |
| 2020-02-01 | 2.57 |
| 2020-03-01 | 2.92 |
| 2020-04-01 | 2.77 |
| 2020-05-01 | 2.60 |
| 2020-06-01 | 2.36 |
| 2020-07-01 | 2.05 |
| 2020-08-01 | 2.01 |
| 2020-09-01 | 2.08 |
| 2020-10-01 | 2.15 |
| 2020-11-01 | 2.11 |
| 2020-12-01 | 2.06 |
| 2021-01-01 | 2.18 |
| 2021-02-01 | 2.32 |
| 2021-03-01 | 2.74 |
| 2021-04-01 | 2.70 |
| 2021-05-01 | 2.68 |
| 2021-06-01 | 2.55 |
| 2021-07-01 | 2.36 |
| 2021-08-01 | 2.35 |
| 2021-09-01 | 2.43 |
| 2021-10-01 | 2.63 |
| 2021-11-01 | 2.63 |
| 2021-12-01 | 2.61 |
| 2022-01-01 | 2.93 |
| 2022-02-01 | 3.24 |
| 2022-03-01 | 3.61 |
| 2022-04-01 | 4.20 |
| 2022-05-01 | 4.54 |
| 2022-06-01 | 4.78 |
| 2022-07-01 | 4.62 |
| 2022-08-01 | 4.57 |
| 2022-09-01 | 5.27 |
| 2022-10-01 | 5.83 |
| 2022-11-01 | 5.60 |
| 2022-12-01 | 5.17 |
| 2023-01-01 | 4.98 |
| 2023-02-01 | 5.13 |
| 2023-03-01 | 5.18 |
| 2023-04-01 | 4.92 |
| 2023-05-01 | 5.09 |
| 2023-06-01 | 5.22 |
| 2023-07-01 | 5.28 |
| 2023-08-01 | 5.50 |
| 2023-09-01 | 5.65 |
| 2023-10-01 | 6.11 |
| 2023-11-01 | 5.72 |
| 2023-12-01 | 5.10 |
| 2024-01-01 | 5.09 |
| 2024-02-01 | 5.14 |
| 2024-03-01 | 5.12 |
| 2024-04-01 | 5.40 |
| 2024-05-01 | 5.33 |
| 2024-06-01 | 5.19 |
| 2024-07-01 | 5.14 |
| 2024-08-01 | 4.82 |
| 2024-09-01 | 4.63 |
| 2024-10-01 | 4.91 |
| 2024-11-01 | 5.15 |
| 2024-12-01 | 5.17 |
| 2025-01-01 | 5.44 |
| 2025-02-01 | 5.28 |
| 2025-03-01 | 5.21 |
| 2025-04-01 | 5.33 |
| 2025-05-01 | 5.39 |
| 2025-06-01 | 5.28 |
| 2025-07-01 | 5.22 |
| 2025-08-01 | 5.09 |
| 2025-09-01 | 4.92 |
| 2025-10-01 | 4.85 |
| 2025-11-01 | 4.95 |