21-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB21YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.94
Year-over-Year Change
7.22%
Date Range
1/1/1984 - 7/1/2025
Summary
The 21-Year High Quality Market Corporate Bond Spot Rate tracks the yield for high-quality corporate bonds with a 21-year maturity. This metric provides critical insights into long-term corporate borrowing costs and investor expectations for corporate debt markets.
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 benchmark for high-quality corporate bond yields, reflecting the cost of long-term corporate debt financing. Economists and financial analysts use this rate to assess corporate credit markets, investment attractiveness, and broader economic conditions.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers high-quality corporate bond yields across multiple maturities and credit ratings.
Historical Context
This rate is used by policymakers, investors, and financial institutions to evaluate long-term corporate credit markets and make strategic investment and lending decisions.
Key Facts
- Represents 21-year corporate bond yields for high-quality debt instruments
- Provides insights into long-term corporate borrowing costs
- Serves as a critical benchmark for fixed income investors and financial analysts
FAQs
Q: What does the 21-Year HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the yield for high-quality corporate bonds with a 21-year maturity, reflecting long-term borrowing costs and market expectations for corporate debt.
Q: How is this rate different from other bond yield measurements?
A: Unlike short-term rates, this 21-year spot rate specifically focuses on long-term corporate debt, providing a unique perspective on extended credit market conditions.
Q: Who uses the HQMCB21YR data?
A: Financial analysts, investors, corporate treasurers, and economic policymakers use this rate to assess long-term corporate credit markets and make strategic financial decisions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and changes in corporate bond yields.
Q: What factors influence the 21-Year HQM Corporate Bond Spot Rate?
A: Factors include overall economic conditions, inflation expectations, corporate credit ratings, and broader financial market dynamics.
Related Trends
41.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB41Y6M
ICE BofA Public Sector Issuers US Emerging Markets Liquid Corporate Plus Index Effective Yield
BAMLEMPUPUBSLCRPIUSEY
ICE BofA Crossover US Emerging Markets Liquid Corporate Plus Index Option-Adjusted Spread
BAMLEMXOCOLCRPIUSOAS
84.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB84Y6M
ICE BofA CCC & Lower US High Yield Index Semi-Annual Yield to Worst
BAMLH0A3HYCSYTW
59.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB59Y6M
Citation
U.S. Federal Reserve, 21-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB21YR], retrieved from FRED.
Last Checked: 8/1/2025