Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download FRED

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of July 1, 2026Posted July 2, 2026

Volume statistics for daily commercial paper issuance are provided for each of the commercial paper rate categories: AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed; as well as for the total market. Total market is not the sum of the four rate categories as there is additional issuance that does not fall in any of the rate categories. The criteria that determine which issues are included in the rate categories are detailed in the Rate Calculations section of the About page of this release. The market statistics reflect all sales of commercial paper to investors by dealers or direct issuers, excluding secondary issues and repurchase agreement and financing issues.

AA nonfinancial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2024 3,646 2,214 709 291 232 141 59 129 77 22 11 9 6 4
2025 4,343 2,408 790 382 403 220 140 155 83 25 16 17 9 6
2026* 5,075 2,143 1,561 635 388 239 109 165 68 43 24 16 10 4
Monthly average
2026-Feb. 4,618 2,327 1,270 457 321 145 99 152 76 36 18 13 6 3
Mar. 5,888 2,113 1,968 930 409 309 159 188 67 55 33 16 12 6
Apr. 4,898 2,066 1,624 686 178 217 127 154 63 46 25 7 9 5
May 5,407 1,654 2,434 567 292 371 90 167 52 61 23 13 15 3
June 4,850 2,453 849 560 656 233 100 168 76 23 22 31 12 4
July* 2,787 372 28 730 1,656 0 0 120 23 2 22 73 0 0
Weekly (Friday) average
June 5 5,079 2,317 1,408 770 244 147 193 165 73 40 28 10 9 5
June 12 4,189 2,375 289 654 576 166 129 147 73 8 26 25 8 7
June 19 6,784 3,793 1,578 348 825 122 119 220 106 36 18 51 5 3
June 26 5,485 2,548 587 649 1,222 477 2 211 84 22 24 53 26 1
July 3* 1,250 173 43 243 642 148 0 52 12 1 7 29 3 0
Daily
June 25 3,878 759 407 418 1,797 497 0 171 41 24 17 72 17 0
June 26 4,400 738 845 2,056 703 50 8 171 27 34 69 39 1 1
June 29 108 8 100 0 0 0 0 3 1 2 0 0 0 0
June 30 854 138 0 0 272 445 0 33 11 0 0 13 9 0
July 1 2,787 372 28 730 1,656 0 0 120 23 2 22 73 0 0
* Data through July 1.
A2/P2 nonfinancial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2024 10,068 6,639 1,251 805 782 438 154 674 410 82 65 74 35 8
2025 9,753 6,135 1,164 919 870 366 298 640 378 75 66 73 36 12
2026* 12,519 7,734 1,453 1,388 1,288 307 350 784 435 90 101 113 31 15
Monthly average
2026-Feb. 14,259 8,922 1,446 1,705 1,363 316 506 958 581 87 130 110 28 22
Mar. 13,018 8,408 1,501 1,145 1,347 238 378 792 459 99 80 116 25 14
Apr. 10,955 6,460 1,534 1,231 1,197 313 219 655 320 97 94 103 33 8
May 12,694 7,789 1,574 1,375 1,149 288 520 769 392 93 105 119 36 25
June 12,292 7,884 1,196 1,481 1,220 318 192 702 388 67 98 118 24 7
July* 16,784 7,293 2,473 1,952 3,461 1,491 115 930 336 136 107 214 129 8
Weekly (Friday) average
June 5 12,651 7,594 1,471 1,675 950 233 727 693 374 79 90 94 36 20
June 12 11,745 7,500 793 1,752 1,530 153 17 715 362 45 130 163 15 1
June 19 13,321 7,786 2,081 1,381 1,102 951 19 762 394 118 95 115 40 1
June 26 11,985 8,542 680 1,146 1,413 156 47 686 419 38 83 121 17 7
July 3* 13,244 7,846 1,514 1,553 1,737 552 42 718 376 83 91 115 49 4
Daily
June 25 12,921 8,855 552 1,472 1,753 273 16 780 435 23 99 186 30 7
June 26 12,010 8,707 50 1,688 1,378 95 93 657 424 3 104 104 6 16
June 29 11,816 8,468 822 1,420 1,011 95 0 620 399 57 87 70 7 0
June 30 11,131 7,778 1,246 1,286 740 71 10 604 393 57 79 62 10 3
July 1 16,784 7,293 2,473 1,952 3,461 1,491 115 930 336 136 107 214 129 8
* Data through July 1.
AA financial
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2024 4,778 4,427 189 38 64 10 50 127 116 6 1 2 0 2
2025 4,188 3,834 186 54 39 16 59 114 103 5 1 1 1 3
2026* 4,877 4,586 100 47 26 8 110 138 127 3 1 1 0 6
Monthly average
2026-Feb. 4,445 4,266 54 56 21 4 44 128 122 1 1 1 0 3
Mar. 4,605 4,442 43 55 8 7 50 133 128 1 1 0 0 2
Apr. 4,550 4,303 94 50 38 1 63 125 117 3 1 2 0 2
May 5,425 4,986 200 30 46 23 140 145 132 6 1 1 1 5
June 5,266 4,726 153 42 15 4 327 153 128 5 1 0 0 19
July* 5,216 4,741 210 0 100 0 165 138 126 5 0 2 0 5
Weekly (Friday) average
June 5 6,181 5,263 202 20 56 6 633 194 146 5 1 1 0 41
June 12 5,642 5,300 202 102 6 5 27 151 141 6 2 1 0 1
June 19 5,544 4,641 199 0 0 0 704 160 121 7 0 0 0 32
June 26 5,246 5,003 77 53 0 5 108 152 138 2 1 0 0 10
July 3* 2,758 2,532 70 0 33 0 122 75 68 2 0 1 0 5
Daily
June 25 4,965 4,880 60 0 0 0 25 143 140 2 0 0 0 1
June 26 4,653 4,510 0 0 0 0 143 146 120 0 0 0 0 26
June 29 2,652 2,600 0 0 0 0 52 78 72 0 0 0 0 6
June 30 406 256 0 0 0 0 150 9 6 0 0 0 0 3
July 1 5,216 4,741 210 0 100 0 165 138 126 5 0 2 0 5
* Data through July 1.
AA asset-backed
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2024 22,542 15,680 3,545 517 713 466 1,621 660 449 96 15 24 15 60
2025 20,791 13,932 3,757 416 643 426 1,616 608 402 102 13 22 14 56
2026* 19,819 12,468 4,082 430 569 461 1,809 567 344 116 13 20 15 59
Monthly average
2026-Feb. 19,031 11,477 4,352 369 434 428 1,972 564 332 120 12 17 16 67
Mar. 18,900 11,592 4,076 354 591 357 1,930 540 326 111 10 19 11 63
Apr. 19,936 12,927 4,179 316 583 452 1,479 550 340 118 10 20 14 49
May 21,724 14,172 4,265 546 459 497 1,786 607 376 123 17 15 19 57
June 21,857 13,916 4,114 504 716 445 2,161 610 372 118 14 25 14 67
July* 21,252 12,256 4,124 576 1,066 677 2,553 613 340 116 13 26 17 101
Weekly (Friday) average
June 5 21,754 14,270 3,833 476 562 415 2,198 608 378 109 16 19 16 71
June 12 21,297 13,869 3,554 557 976 444 1,895 606 376 108 15 33 13 61
June 19 21,609 13,478 4,842 252 776 408 1,853 593 353 140 8 28 12 52
June 26 22,521 14,269 3,882 720 559 447 2,643 627 384 106 17 20 14 86
July 3* 21,983 12,850 4,936 460 837 620 2,279 618 350 142 13 24 17 71
Daily
June 25 25,569 15,655 4,786 434 388 562 3,744 703 412 132 11 10 13 125
June 26 17,559 12,621 325 1,243 963 533 1,874 518 358 9 31 29 15 76
June 29 22,406 13,690 3,152 446 979 587 3,551 600 357 94 13 24 19 93
June 30 22,292 12,605 7,533 358 467 596 733 642 353 217 13 23 16 20
July 1 21,252 12,256 4,124 576 1,066 677 2,553 613 340 116 13 26 17 101
* Data through July 1.
Total market
Period Amount 1 Number of issues
Total Days to maturity Total Days to maturity
1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days 1 - 4 days 5 - 9 days 10 - 20 days 21 - 40 days 41 - 80 days 81+ days
Annual average
2024 122,433 82,773 16,602 4,734 6,418 3,107 8,798 4,617 2,777 576 273 379 185 427
2025 122,146 80,064 17,192 4,952 6,646 3,325 9,968 4,727 2,820 590 286 405 193 433
2026* 122,653 76,142 19,235 5,862 6,867 3,338 11,208 4,751 2,680 646 335 424 179 488
Monthly average
2026-Feb. 115,907 69,987 18,572 5,789 6,371 3,058 12,131 4,850 2,740 637 359 417 162 536
Mar. 116,698 71,446 19,336 5,736 6,962 2,918 10,300 4,575 2,581 683 303 410 153 445
Apr. 118,630 72,771 19,493 5,237 6,599 3,474 11,054 4,461 2,437 641 326 402 179 476
May 133,427 85,235 21,444 6,064 5,779 3,452 11,454 4,951 2,822 690 340 397 199 503
June 134,730 87,191 18,990 6,969 7,698 2,923 10,958 4,918 2,839 609 360 460 160 490
July* 137,517 74,071 26,534 6,538 12,622 5,712 12,041 4,902 2,374 803 317 614 324 470
Weekly (Friday) average
June 5 138,785 87,306 18,972 8,688 8,584 2,381 12,854 5,066 2,829 601 412 487 158 579
June 12 128,179 85,778 15,335 8,463 6,941 2,999 8,664 4,799 2,794 518 440 452 168 427
June 19 138,891 87,077 22,701 5,355 7,457 4,023 12,278 5,100 2,845 758 327 469 179 521
June 26 137,866 92,778 18,491 6,174 8,225 2,396 9,802 4,906 3,008 564 304 448 139 441
July 3* 129,043 75,823 23,511 4,949 8,567 4,044 12,150 4,642 2,484 714 264 484 217 479
Daily
June 25 138,977 88,014 22,206 7,078 8,239 2,738 10,703 5,105 2,948 663 335 548 133 478
June 26 117,871 87,998 2,980 9,633 7,585 1,844 7,831 4,352 2,928 113 450 381 94 386
June 29 128,185 84,191 16,643 4,156 6,489 2,610 14,096 4,578 2,767 548 237 405 145 476
June 30 121,427 69,207 27,355 4,152 6,590 3,810 10,313 4,445 2,310 792 237 434 181 491
July 1 137,517 74,071 26,534 6,538 12,622 5,712 12,041 4,902 2,374 803 317 614 324 470
* Data through July 1.

Footnotes

1. Millions of dollars.

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Last Update: July 2, 2026