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 7, 2026Posted July 8, 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* 5,072 2,157 1,571 620 384 233 106 164 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* 4,415 2,161 1,507 183 565 0 0 142 74 39 6 23 0 0
Weekly (Friday) average
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 2,701 324 1,532 183 551 111 0 88 16 40 6 24 2 0
July 10* 3,910 3,747 0 0 164 0 0 125 121 0 0 4 0 0
Daily
July 1 2,787 372 28 730 1,656 0 0 120 23 2 22 73 0 0
July 2 7,053 777 6,000 0 276 0 0 196 30 155 0 11 0 0
July 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
July 6 3,945 3,828 0 0 117 0 0 136 133 0 0 3 0 0
July 7 3,875 3,665 0 0 210 0 0 114 109 0 0 5 0 0
* Data through July 7.
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* 12,530 7,755 1,447 1,388 1,288 311 342 782 434 89 100 112 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* 13,943 8,302 1,511 1,524 1,821 739 46 758 393 81 92 128 60 4
Weekly (Friday) average
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 13,108 8,175 1,329 1,420 1,621 532 31 712 396 74 84 108 46 3
July 10* 13,142 8,377 1,399 1,560 1,275 498 34 704 390 70 99 106 36 4
Daily
July 1 16,784 7,293 2,473 1,952 3,461 1,491 115 930 336 136 107 214 129 8
July 2 12,702 9,161 774 1,023 1,273 471 0 693 458 47 63 86 39 0
July 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
July 6 13,276 9,122 1,036 1,034 1,228 789 67 718 426 62 67 93 63 7
July 7 13,008 7,633 1,762 2,086 1,321 206 0 691 353 79 131 119 9 0
* Data through July 7.
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* 4,889 4,598 99 46 28 9 108 138 127 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* 5,340 5,004 102 26 131 15 62 143 134 3 1 3 0 2
Weekly (Friday) average
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 3,445 3,149 90 26 62 6 112 90 82 2 1 1 0 4
July 10* 5,320 5,139 25 0 138 18 1 148 144 0 0 3 0 0
Daily
July 1 5,216 4,741 210 0 100 0 165 138 126 5 0 2 0 5
July 2 5,505 4,998 150 102 150 25 80 137 123 5 3 3 1 2
July 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
July 6 5,140 5,053 0 0 50 35 2 156 153 0 0 1 1 1
July 7 5,500 5,225 50 0 225 0 0 140 134 1 0 5 0 0
* Data through July 7.
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* 19,863 12,493 4,091 428 571 469 1,811 568 345 116 13 20 16 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* 21,592 13,238 4,398 392 762 764 2,038 612 354 121 13 26 20 79
Weekly (Friday) average
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 21,981 13,038 4,905 499 728 720 2,091 624 354 141 16 26 19 68
July 10* 21,570 13,547 4,328 188 792 679 2,036 598 355 114 7 24 18 78
Daily
July 1 21,252 12,256 4,124 576 1,066 677 2,553 613 340 116 13 26 17 101
July 2 21,974 13,602 4,810 615 399 1,020 1,529 641 367 138 25 29 25 57
July 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
July 6 18,401 13,474 2,361 80 808 474 1,203 502 353 63 5 25 12 44
July 7 24,739 13,620 6,295 296 775 883 2,869 694 357 166 9 24 25 113
* Data through July 7.
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* 123,086 76,376 19,303 5,862 6,890 3,372 11,283 4,755 2,681 647 335 424 180 489
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* 140,235 83,123 23,223 6,016 9,035 5,020 13,817 4,922 2,651 718 324 470 233 526
Weekly (Friday) average
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 3 130,517 77,222 24,472 5,297 7,900 3,764 11,863 4,656 2,524 740 280 452 201 460
July 10* 144,242 88,503 19,502 5,593 8,808 5,722 16,114 5,044 2,792 627 326 456 228 616
Daily
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
July 2 134,941 81,418 27,356 6,341 5,901 2,925 11,000 4,698 2,644 815 330 354 153 402
July 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
July 6 141,007 88,049 15,371 4,801 9,184 7,988 15,613 4,869 2,835 493 264 453 307 517
July 7 147,478 88,956 23,633 6,385 8,433 3,456 16,616 5,220 2,750 761 387 459 148 715
* Data through July 7.

Footnotes

1. Millions of dollars.

Back to Top
Last Update: July 8, 2026