23-Year High Quality Market (HQM) Corporate Bond Spot Rate
HQMCB23YR • 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 23-Year High Quality Market (HQM) Corporate Bond Spot Rate tracks the yield for high-quality corporate bonds with a 23-year maturity. This metric provides critical insight 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 that adjusts for credit quality and market conditions. Economists and financial analysts use this rate to assess corporate credit markets, investment opportunities, and broader economic trends.
Methodology
The rate is calculated by the Federal Reserve using a comprehensive methodology that considers bond quality, market pricing, and current economic conditions.
Historical Context
This rate is crucial for evaluating corporate financing costs, investment strategies, and macroeconomic risk assessments.
Key Facts
- Represents 23-year high-quality corporate bond yields
- Adjusted for credit quality and market conditions
- Important indicator for long-term corporate borrowing costs
FAQs
Q: What does the HQM Corporate Bond Spot Rate indicate?
A: It shows the yield for high-quality 23-year corporate bonds, reflecting long-term borrowing costs and market expectations for corporate debt.
Q: How is this rate different from other bond yield measures?
A: The HQM rate is specifically adjusted for credit quality and provides a more nuanced view of corporate bond markets compared to standard yield measurements.
Q: Who uses the HQMCB23YR data?
A: Economists, financial analysts, investors, and corporate financial planners use this rate to assess market conditions and make investment decisions.
Q: How often is this rate updated?
A: The Federal Reserve typically updates this rate regularly, reflecting current market conditions and economic trends.
Q: What factors influence the 23-Year HQM Corporate Bond Spot Rate?
A: Factors include overall economic conditions, inflation expectations, corporate credit ratings, and broader financial market dynamics.
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Citation
U.S. Federal Reserve, 23-Year High Quality Market (HQM) Corporate Bond Spot Rate [HQMCB23YR], retrieved from FRED.
Last Checked: 8/1/2025