23.5-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB23Y6M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.98
Year-over-Year Change
7.75%
Date Range
1/1/1984 - 7/1/2025
Summary
The 23.5-Year High Quality Market (HQM) Corporate Bond Spot Rate represents the yield for high-quality corporate bonds with a specific long-term maturity. This metric provides critical insights into corporate borrowing costs and market expectations for long-term corporate debt.
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 is a sophisticated financial indicator that tracks the yield curve for high-quality corporate bonds at a precise 23.5-year maturity point. 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 high-quality corporate bond yields, adjusting for credit quality and market conditions.
Historical Context
This rate is crucial for institutional investors, corporate financial planners, and policymakers in assessing long-term corporate debt markets and economic forecasting.
Key Facts
- Represents high-quality corporate bond yields at 23.5-year maturity
- Provides insights into long-term corporate borrowing costs
- Used by investors and economists for market analysis
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: It shows the yield for high-quality corporate bonds at a 23.5-year maturity, reflecting long-term borrowing costs and market expectations.
Q: How is this rate different from other bond market indicators?
A: This rate specifically focuses on high-quality corporate bonds at a precise 23.5-year maturity, offering a unique perspective on long-term corporate debt markets.
Q: Who uses the HQMCB23Y6M data?
A: Institutional investors, financial analysts, corporate treasurers, and economic policymakers use this data for market analysis and financial planning.
Q: How often is this rate updated?
A: The Federal Reserve typically updates these rates regularly, reflecting current market conditions and corporate bond performance.
Q: What limitations should be considered when interpreting this rate?
A: The rate represents a specific market segment and should be considered alongside other economic indicators for comprehensive analysis.
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Citation
U.S. Federal Reserve, 23.5-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB23Y6M], retrieved from FRED.
Last Checked: 8/1/2025