22-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB22YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.96
Year-over-Year Change
7.39%
Date Range
1/1/1984 - 7/1/2025
Summary
The 22-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield for high-quality corporate bonds with a 22-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 sophisticated measure of corporate bond yields, adjusted for credit quality and market conditions. Economists and financial analysts use this rate to assess corporate credit markets, investment risk, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers credit quality, market conditions, and current bond pricing across multiple high-quality corporate issuers.
Historical Context
This rate is crucial for monetary policy analysis, corporate financial planning, and understanding long-term investment and borrowing dynamics in the U.S. corporate debt market.
Key Facts
- Represents yields for high-quality 22-year corporate bonds
- Provides insights into long-term corporate borrowing costs
- Adjusted for credit quality and current market conditions
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: The rate indicates the current yield for high-quality 22-year corporate bonds, reflecting market expectations for long-term corporate borrowing costs and credit conditions.
Q: How is this rate different from other bond yield measurements?
A: Unlike standard bond indices, the HQM rate is specifically adjusted for credit quality and provides a more nuanced view of corporate bond market conditions.
Q: Who uses the HQMCB22YR data?
A: Economists, financial analysts, corporate treasurers, and investors use this rate to assess long-term corporate credit markets and make informed 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 pricing.
Q: What factors influence the 22-Year HQM Corporate Bond Spot Rate?
A: Factors include overall economic conditions, Federal Reserve monetary policy, corporate credit ratings, and broader market interest rate trends.
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Citation
U.S. Federal Reserve, 22-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB22YR], retrieved from FRED.
Last Checked: 8/1/2025