Commercial Paper Rates and Outstanding Summary

Volume Statistics for Commercial Paper Issuance RSS Data Download

Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of May 9, 2024Posted May 10, 2024

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
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023 3,510 2,629 291 186 213 106 85 122 88 9 8 9 4 4
2024* 2,743 1,614 523 157 236 180 34 100 59 16 6 9 8 2
Monthly average
2023-Dec. 3,287 1,842 994 165 141 111 33 113 69 27 6 6 4 1
2024-Jan. 3,000 1,768 711 75 129 262 55 104 61 20 3 6 10 4
Feb. 2,554 1,683 463 111 169 127 0 95 62 15 4 8 6 0
Mar. 2,598 1,393 398 249 341 182 35 99 51 14 10 14 9 1
Apr. 2,679 1,543 403 175 333 179 46 101 58 13 7 12 9 2
May* 3,151 1,837 880 204 128 81 21 108 66 26 8 4 4 0
Weekly (Friday) average
Apr. 12 3,598 2,128 239 365 524 200 142 121 66 8 14 20 10 4
Apr. 19 1,876 337 754 255 181 307 42 69 13 22 11 8 10 4
Apr. 26 2,746 1,607 586 62 326 144 20 109 62 21 4 11 10 1
May 3 2,529 912 1,173 150 102 162 30 89 38 35 4 4 8 1
May 10* 3,213 2,696 199 169 104 45 0 111 92 6 8 3 2 0
Daily
May 3 4,784 19 4,665 0 100 0 0 135 1 132 0 2 0 0
May 6 4,010 3,263 474 126 0 147 0 126 102 11 7 0 6 0
May 7 3,901 3,655 234 5 0 8 0 142 131 8 1 0 2 0
May 8 3,360 2,866 65 379 50 0 0 121 105 3 12 1 0 0
May 9 1,580 1,000 23 167 366 25 0 55 31 2 11 10 1 0
* Data through May 9.
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
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023 10,274 6,688 1,183 921 1,060 241 181 838 471 93 91 140 31 12
2024* 10,583 6,810 1,368 883 923 400 198 737 422 89 77 100 39 11
Monthly average
2023-Dec. 9,883 6,490 1,401 671 1,001 208 112 685 429 93 51 80 23 10
2024-Jan. 11,026 6,746 1,573 967 995 373 372 786 445 112 84 93 37 15
Feb. 10,774 6,917 1,476 1,029 859 259 235 794 448 103 95 103 31 13
Mar. 9,986 6,559 1,374 826 814 231 182 691 396 86 77 91 28 12
Apr. 10,559 6,955 1,137 729 1,010 684 45 697 404 65 56 116 51 6
May* 10,571 6,998 1,159 871 944 496 102 684 408 62 65 83 59 7
Weekly (Friday) average
Apr. 12 9,693 6,075 1,040 751 1,347 458 23 641 361 61 59 120 37 3
Apr. 19 10,664 7,471 1,163 693 824 469 42 731 443 69 55 94 66 4
Apr. 26 9,907 6,545 1,115 890 873 438 45 666 385 61 62 104 50 4
May 3 11,170 7,436 1,469 839 935 391 101 747 438 74 64 100 63 7
May 10* 9,869 6,629 915 861 807 586 71 651 390 53 64 76 62 6
Daily
May 3 10,530 6,928 1,291 1,068 742 249 253 660 411 60 87 64 18 20
May 6 9,481 6,263 1,360 748 668 369 72 595 349 75 50 60 50 11
May 7 9,696 7,039 726 783 396 623 129 634 429 48 59 33 60 5
May 8 11,020 7,015 806 570 1,430 1,149 50 756 428 46 57 100 120 5
May 9 9,278 6,201 766 1,343 733 202 34 619 354 43 90 109 20 3
* Data through May 9.
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
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023 7,628 6,657 581 102 130 82 76 209 178 18 3 3 2 5
2024* 4,982 4,644 232 17 45 9 34 136 125 8 0 1 0 2
Monthly average
2023-Dec. 5,223 4,462 612 82 12 2 52 136 113 18 2 1 0 2
2024-Jan. 4,563 4,363 126 6 15 20 32 126 117 5 0 1 0 2
Feb. 3,491 3,397 61 13 10 6 4 97 93 3 0 1 0 0
Mar. 4,593 4,177 269 31 82 6 29 131 117 9 1 2 0 2
Apr. 6,449 5,921 408 12 75 7 26 169 153 12 0 2 0 1
May* 7,053 6,443 378 29 36 0 166 189 168 12 1 1 0 7
Weekly (Friday) average
Apr. 12 6,706 6,253 427 0 0 0 26 174 160 13 0 0 0 1
Apr. 19 6,755 6,112 497 13 127 6 0 174 156 14 0 4 1 0
Apr. 26 6,795 6,265 452 0 59 7 12 177 160 14 0 2 0 1
May 3 6,582 6,290 100 21 39 1 132 171 161 3 1 1 0 5
May 10* 6,996 6,283 538 24 16 0 136 188 162 16 0 1 0 8
Daily
May 3 7,498 6,973 130 100 45 0 250 197 186 3 2 1 0 5
May 6 6,889 6,572 25 0 62 0 230 192 174 1 0 4 0 13
May 7 7,525 6,450 1,000 0 0 0 75 204 168 26 0 0 0 10
May 8 7,427 6,135 1,126 95 0 0 71 197 153 38 2 0 0 4
May 9 6,143 5,975 0 0 0 0 168 160 153 0 0 0 0 7
* Data through May 9.
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
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023 16,214 9,705 3,223 487 860 509 1,431 506 300 89 16 28 16 56
2024* 20,923 14,382 3,259 507 679 474 1,623 618 413 91 15 22 15 62
Monthly average
2023-Dec. 17,031 10,232 2,901 619 1,071 633 1,575 524 310 82 17 35 22 59
2024-Jan. 19,858 12,726 3,550 535 672 734 1,641 613 383 98 16 22 24 70
Feb. 20,311 13,928 2,973 566 780 311 1,753 602 402 83 18 24 11 66
Mar. 21,460 15,141 3,233 488 667 445 1,485 627 431 91 15 22 13 55
Apr. 21,417 15,203 3,269 494 582 396 1,473 618 429 91 13 18 12 53
May* 22,708 15,789 3,250 346 750 490 2,083 644 432 88 11 23 14 76
Weekly (Friday) average
Apr. 12 21,876 15,223 3,345 562 961 293 1,491 628 431 92 14 27 9 56
Apr. 19 20,694 14,671 3,390 360 448 404 1,421 594 419 94 9 15 12 45
Apr. 26 21,618 15,769 3,353 521 515 457 1,003 627 442 94 15 17 16 43
May 3 22,151 15,691 3,016 453 452 390 2,149 630 434 81 13 14 10 78
May 10* 23,204 16,047 3,492 217 853 584 2,012 655 434 95 8 27 17 74
Daily
May 3 20,591 14,942 1,829 879 435 213 2,293 610 440 44 23 10 7 86
May 6 19,808 14,395 1,977 75 672 174 2,515 576 390 54 3 18 5 106
May 7 22,278 15,429 2,602 702 616 258 2,671 653 434 76 24 22 8 89
May 8 26,755 17,135 5,590 52 1,603 685 1,689 732 452 151 2 47 24 56
May 9 23,975 17,230 3,797 40 520 1,217 1,170 658 460 99 2 20 32 45
* Data through May 9.
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
2022 121,237 83,340 14,203 4,945 6,919 3,738 8,093 4,541 2,744 516 287 380 187 426
2023 115,630 78,012 15,262 4,619 6,585 2,951 8,202 4,625 2,730 546 286 462 178 423
2024* 124,391 84,880 16,634 4,599 6,578 2,902 8,797 4,746 2,820 591 292 417 183 443
Monthly average
2023-Dec. 111,727 74,396 15,355 4,602 6,812 3,477 7,085 4,305 2,616 545 245 369 186 344
2024-Jan. 120,901 79,690 17,069 5,437 6,895 3,650 8,159 4,850 2,792 620 349 432 220 436
Feb. 120,872 81,764 16,859 4,588 6,466 2,170 9,025 4,736 2,777 630 308 429 146 445
Mar. 120,857 83,236 15,227 4,632 6,717 2,407 8,638 4,581 2,728 557 289 415 155 436
Apr. 131,338 91,824 17,348 3,984 6,295 3,120 8,766 4,780 2,937 566 243 404 191 439
May* 133,679 92,464 16,664 3,950 6,420 3,548 10,634 4,849 2,939 568 232 384 230 496
Weekly (Friday) average
Apr. 12 133,048 92,271 18,494 4,358 6,861 2,866 8,199 4,729 2,903 571 266 395 180 414
Apr. 19 133,794 92,352 19,146 4,288 5,730 3,374 8,906 4,855 2,986 611 232 353 218 454
Apr. 26 132,946 95,235 16,189 3,627 6,092 2,879 8,924 4,843 3,026 559 218 413 203 423
May 3 127,508 89,878 15,553 3,448 6,589 2,339 9,701 4,689 2,896 532 213 418 177 452
May 10* 135,284 92,593 17,321 3,946 5,838 4,386 11,199 4,912 2,938 578 240 355 276 524
Daily
May 3 129,542 91,892 14,655 4,805 6,148 2,068 9,973 4,593 2,946 496 259 340 103 449
May 6 129,238 92,246 13,113 3,318 5,452 3,404 11,705 4,569 2,880 418 183 330 191 567
May 7 145,637 93,064 20,735 5,216 6,410 4,188 16,024 5,422 3,029 658 258 394 360 723
May 8 140,423 93,119 21,850 3,922 6,232 6,112 9,187 5,128 2,963 765 247 343 396 414
May 9 125,838 91,943 13,587 3,329 5,258 3,839 7,882 4,529 2,882 473 274 352 157 391
* Data through May 9.

Footnotes

1. Millions of dollars.

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Last Update: May 10, 2024