21.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB21Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.95
Year-over-Year Change
7.21%
Date Range
1/1/1984 - 7/1/2025
Summary
The 21.5-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield of high-quality corporate bonds with a specific maturity period. This metric provides critical insights into corporate borrowing costs and overall market credit 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 represents a sophisticated measure of corporate bond yields, reflecting the current market interest rates for high-quality debt instruments. Economists and financial analysts use this rate to assess corporate credit markets, investment attractiveness, and potential economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers multiple high-quality corporate bond characteristics and current market conditions.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment strategies in the corporate debt market.
Key Facts
- Represents yields for high-quality corporate bonds with a 21.5-year maturity
- Provides insights into long-term corporate borrowing costs
- Used by economists and investors to assess market credit conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality corporate bonds, reflecting market expectations for long-term corporate borrowing costs.
Q: How often is this rate updated?
A: The rate is typically updated regularly by the Federal Reserve, with frequency depending on market conditions and data availability.
Q: Why is the 21.5-year maturity significant?
A: The 21.5-year maturity provides a specific, long-term view of corporate bond yields, offering insights into extended market expectations.
Q: How do investors use this rate?
A: Investors use this rate to compare potential returns, assess corporate credit risk, and make informed long-term investment decisions.
Q: What factors influence this rate?
A: Factors include overall economic conditions, Federal Reserve monetary policy, corporate financial health, and broader market credit dynamics.
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Citation
U.S. Federal Reserve, 21.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB21Y6M], retrieved from FRED.
Last Checked: 8/1/2025