22.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB22Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.97
Year-over-Year Change
7.57%
Date Range
1/1/1984 - 7/1/2025
Summary
The 22.5-Year High Quality Market (HQM) Corporate Bond Spot Rate is a critical financial indicator that tracks long-term corporate bond yields for high-quality debt instruments. This metric provides insights into corporate borrowing costs and broader 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
The HQM Corporate Bond Spot Rate represents a sophisticated measure of corporate bond yields across different maturities, specifically focusing on 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 complex methodology that considers multiple high-quality corporate bond yields and their corresponding maturities.
Historical Context
This trend is crucial for monetary policy analysis, investment strategy development, and understanding long-term corporate financing dynamics.
Key Facts
- Measures long-term corporate bond yields for high-quality debt
- Provides insights into corporate borrowing costs
- Used by economists and investors for market analysis
FAQs
Q: What does the 22.5-Year HQM Corporate Bond Spot Rate indicate?
A: It represents the yield for high-quality corporate bonds with a 22.5-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How do changes in this rate impact investors?
A: Fluctuations can signal shifts in corporate credit markets, potentially affecting bond valuations, investment strategies, and perceived economic risk.
Q: How is this rate different from other bond yield measures?
A: The HQM rate specifically focuses on high-quality corporate bonds and uses a sophisticated calculation method that accounts for multiple yield points.
Q: Why do policymakers track this rate?
A: It provides critical insights into corporate financing conditions, potential economic trends, and the overall health of capital markets.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this rate periodically, with precise frequency depending on market conditions and data collection processes.
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Citation
U.S. Federal Reserve, 22.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB22Y6M], retrieved from FRED.
Last Checked: 8/1/2025