2-Year High Quality Market (HQM) Corporate Bond Par Yield
HQMCB2YRP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.35
Year-over-Year Change
-15.53%
Date Range
1/1/1984 - 6/1/2025
Summary
The 2-Year High Quality Market (HQM) Corporate Bond Par Yield represents the average yield for high-quality corporate bonds with a two-year maturity. This metric provides critical insight into corporate borrowing costs and market expectations for short-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 Par Yield is a key benchmark that reflects the current interest rates for high-quality corporate debt instruments. Economists and investors use this indicator to assess corporate credit conditions and potential economic trends.
Methodology
The yield is calculated by the Federal Reserve using a comprehensive survey of high-quality corporate bond market rates, weighted and averaged to provide a representative measure.
Historical Context
This metric is crucial for monetary policy analysis, corporate financial planning, and understanding short-term corporate credit market dynamics.
Key Facts
- Represents two-year corporate bond yields for high-quality issuers
- Provides insight into short-term corporate borrowing costs
- Calculated and published by the Federal Reserve
FAQs
Q: What makes a corporate bond 'high quality'?
A: High-quality corporate bonds are issued by companies with strong credit ratings, typically BBB or higher, indicating lower default risk.
Q: How often is this yield updated?
A: The HQM Corporate Bond Par Yield is typically updated regularly, reflecting current market conditions and interest rate environments.
Q: Why do investors track this yield?
A: Investors use this yield to assess corporate borrowing costs, compare investment opportunities, and gauge overall market credit conditions.
Q: How does this yield relate to economic health?
A: Lower yields can indicate economic stability and confidence, while higher yields might suggest increased perceived risk in corporate lending.
Q: Can this yield predict economic trends?
A: While not a definitive predictor, changes in corporate bond yields can provide early signals about potential economic shifts and market sentiment.
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Citation
U.S. Federal Reserve, 2-Year High Quality Market (HQM) Corporate Bond Par Yield [HQMCB2YRP], retrieved from FRED.
Last Checked: 8/1/2025