Commercial Paper Rates and Outstanding Summary
Commercial Paper Rates
RSS
Data Download
FRED
Derived from data supplied by The Depository Trust & Clearing Corporation
Data as of December 3, 2025Posted December 4, 2025
Daily rates for commercial paper are provided for the AA nonfinancial, A2/P2 nonfinancial, AA financial, and AA asset-backed 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.
| Period | AA nonfinancial | A2/P2 nonfinancial | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1-day | 7-day | 15-day | 30-day | 60-day | 90-day | 1-day | 7-day | 15-day | 30-day | 60-day | 90-day | ||
| Annual average | |||||||||||||
| 2023 | 4.98 | 4.97 | 5.01 | 5.05 | 5.11 | 5.04 | 5.20 | 5.19 | 5.25 | 5.34 | 5.40 | 5.44 | |
| 2024 | 5.13 | 5.15 | 5.17 | 5.15 | 5.12 | 5.00 | 5.25 | 5.24 | 5.26 | 5.29 | 5.27 | 5.40 | |
| 2025* | 4.24 | 4.24 | 4.23 | 4.23 | 4.22 | 4.21 | 4.41 | 4.44 | 4.45 | 4.47 | 4.46 | 4.44 | |
| Monthly average | |||||||||||||
| 2025-July | 4.32 | 4.31 | 4.31 | 4.30 | 4.29 | 4.30 | 4.50 | 4.52 | 4.54 | 4.57 | 4.58 | 4.59 | |
| Aug. | 4.30 | 4.32 | 4.30 | 4.28 | 4.25 | 4.20 | 4.48 | 4.49 | 4.50 | 4.52 | 4.52 | 4.55 | |
| Sept. | 4.22 | 4.18 | 4.15 | 4.13 | 4.05 | 4.01 | 4.36 | 4.35 | 4.35 | 4.35 | 4.32 | 4.31 | |
| Oct. | 4.08 | 4.07 | 4.05 | 4.01 | 3.95 | 3.90 | 4.18 | 4.18 | 4.19 | 4.18 | 4.13 | 4.11 | |
| Nov. | 3.89 | 3.92 | 3.90 | 3.89 | 3.93 | n.a. | 4.01 | 4.05 | 4.09 | 4.11 | 4.09 | 4.04 | |
| Dec.* | 3.98 | 3.90 | 3.88 | 3.85 | 3.76 | n.a. | 4.02 | 4.05 | 4.08 | 4.09 | 4.08 | 4.08 | |
| Weekly (Friday) average | |||||||||||||
| Nov. 7 | 3.90 | 3.92 | 3.90 | 3.92 | n.a. | n.a. | 4.02 | 4.04 | 4.06 | 4.09 | 4.06 | 4.07 | |
| Nov. 14 | 3.82 | 3.91 | 3.89 | 3.88 | 3.92 | n.a. | 4.01 | 4.05 | 4.07 | 4.10 | 4.09 | 4.00 | |
| Nov. 21 | 3.92 | 3.89 | 3.89 | 3.89 | n.a. | n.a. | 4.01 | 4.05 | 4.10 | 4.13 | 4.13 | 4.08 | |
| Nov. 28 | 3.90 | 3.96 | 3.91 | 3.88 | 3.94 | n.a. | 4.02 | 4.06 | 4.11 | 4.12 | 4.08 | 4.03 | |
| Dec. 5* | 3.98 | 3.90 | 3.88 | 3.85 | 3.76 | n.a. | 4.02 | 4.05 | 4.08 | 4.09 | 4.08 | 4.08 | |
| Daily | |||||||||||||
| Nov. 27 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | |
| Nov. 28 | 3.88 | n.a. | n.a. | n.a. | n.a. | n.a. | 4.03 | n.a. | 4.07 | 4.10 | 4.07 | n.a. | |
| Dec. 1 | 3.98 | 3.90 | 3.88 | 3.84 | 3.77 | n.a. | 4.02 | 4.07 | 4.07 | 4.08 | 4.07 | n.a. | |
| Dec. 2 | 3.98 | 3.90 | 3.90 | 3.87 | 3.83 | n.a. | 4.02 | 4.03 | 4.10 | 4.11 | 4.11 | 4.13 | |
| Dec. 3 | 3.97 | 3.90 | 3.86 | 3.85 | 3.69 | n.a. | 4.01 | 4.04 | 4.08 | 4.08 | 4.06 | 4.03 | |
* Data through December 3.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
| Period | AA financial | AA asset-backed | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1-day | 7-day | 15-day | 30-day | 60-day | 90-day | 1-day | 7-day | 15-day | 30-day | 60-day | 90-day | ||
| Annual average | |||||||||||||
| 2023 | 5.00 | 5.01 | 4.99 | 5.09 | 5.24 | 5.19 | 5.05 | 5.05 | 5.07 | 5.11 | 5.19 | 5.27 | |
| 2024 | 5.13 | 5.12 | 5.10 | 5.12 | 4.98 | 5.04 | 5.16 | 5.15 | 5.16 | 5.16 | 5.14 | 5.12 | |
| 2025* | 4.25 | 4.25 | 4.20 | 4.21 | 4.22 | 4.21 | 4.28 | 4.29 | 4.29 | 4.30 | 4.29 | 4.28 | |
| Monthly average | |||||||||||||
| 2025-July | 4.32 | 4.33 | 4.32 | 4.31 | 4.30 | 4.28 | 4.35 | 4.36 | 4.37 | 4.37 | 4.38 | 4.38 | |
| Aug. | 4.32 | 4.33 | 4.32 | 4.31 | 4.25 | 4.22 | 4.35 | 4.36 | 4.35 | 4.36 | 4.34 | 4.30 | |
| Sept. | 4.22 | 4.24 | 4.20 | 4.14 | 4.08 | 4.10 | 4.25 | 4.24 | 4.23 | 4.22 | 4.17 | 4.13 | |
| Oct. | 4.08 | 4.07 | 4.05 | 4.03 | 3.98 | 3.98 | 4.13 | 4.12 | 4.11 | 4.10 | 4.05 | 4.01 | |
| Nov. | 3.88 | 3.90 | 3.89 | 3.88 | 3.86 | 3.86 | 3.94 | 3.98 | 3.99 | 3.99 | 4.00 | 3.99 | |
| Dec.* | 3.89 | 3.89 | 3.93 | 3.90 | n.a. | 3.87 | 3.96 | 3.99 | 4.01 | 4.00 | 3.98 | 3.96 | |
| Weekly (Friday) average | |||||||||||||
| Nov. 7 | 3.88 | 3.88 | 3.88 | 3.88 | 3.86 | 3.86 | 3.95 | 3.99 | 3.99 | 4.00 | 4.00 | 3.97 | |
| Nov. 14 | 3.88 | 3.90 | 3.88 | 3.86 | 3.84 | 3.82 | 3.94 | 3.98 | 3.97 | 3.98 | 3.99 | 4.00 | |
| Nov. 21 | 3.88 | 3.89 | 3.89 | 3.89 | 3.90 | 3.88 | 3.94 | 3.98 | 3.98 | 3.99 | 4.00 | 4.00 | |
| Nov. 28 | 3.89 | 3.91 | 3.89 | n.a. | 3.83 | 3.85 | 3.95 | 3.99 | 4.01 | 4.00 | 4.00 | 4.00 | |
| Dec. 5* | 3.89 | 3.89 | 3.93 | 3.90 | n.a. | 3.87 | 3.96 | 3.99 | 4.01 | 4.00 | 3.98 | 3.96 | |
| Daily | |||||||||||||
| Nov. 27 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | |
| Nov. 28 | 3.89 | n.a. | n.a. | n.a. | n.a. | n.a. | 4.00 | 3.99 | 4.03 | n.a. | 4.02 | 4.05 | |
| Dec. 1 | 3.89 | 3.89 | 3.93 | 3.91 | n.a. | n.a. | 3.98 | 4.00 | 3.98 | 3.98 | 3.97 | 3.96 | |
| Dec. 2 | 3.89 | 3.89 | n.a. | 3.89 | n.a. | 3.89 | 3.96 | 4.00 | 4.00 | 4.00 | 4.00 | 3.96 | |
| Dec. 3 | 3.89 | 3.89 | n.a. | n.a. | n.a. | 3.84 | 3.95 | 3.98 | 4.05 | 4.02 | 3.97 | 3.95 | |
* Data through December 3.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
Note: n.a. indicates that trade data was insufficient to support calculation of the particular rate.
Last Update: December 4, 2025