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 25, 2023Posted May 26, 2023

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
2021 3,556 2,429 252 214 172 272 218 127 81 10 9 8 11 9
2022 4,359 3,230 319 237 297 195 80 157 109 13 10 13 8 3
2023* 3,425 2,576 163 256 243 66 121 127 88 7 11 11 3 7
Monthly average
2022-Dec. 2,067 1,565 178 140 79 83 21 79 55 8 6 5 4 1
2023-Jan. 3,823 2,859 261 485 97 12 108 143 103 11 19 3 1 5
Feb. 2,690 1,796 248 367 107 38 134 110 69 14 15 6 1 5
Mar. 2,452 1,561 78 291 345 74 102 90 52 4 12 15 3 4
Apr. 2,434 1,990 13 37 276 71 47 94 72 1 3 13 3 3
May* 5,962 4,906 238 91 374 133 220 206 154 8 4 16 7 17
Weekly (Friday) average
Apr. 28 2,745 2,514 27 40 27 22 115 103 89 1 4 2 1 7
May 5 6,469 5,448 814 66 59 62 20 206 165 26 3 4 2 7
May 12 4,146 3,453 40 61 209 206 176 164 111 2 2 11 14 23
May 19 6,507 5,531 2 25 198 148 603 238 184 0 1 13 8 32
May 26* 6,915 5,262 60 244 1,193 109 47 218 157 2 11 41 4 2
Daily
May 19 6,715 6,416 12 0 226 6 55 227 209 1 0 11 3 3
May 22 8,181 8,139 0 0 7 0 35 250 247 0 0 1 0 2
May 23 8,544 7,972 221 0 257 95 0 246 212 8 0 18 8 0
May 24 5,479 4,796 0 159 315 135 74 183 160 0 6 9 5 3
May 25 5,456 140 20 818 4,193 208 78 194 10 1 37 137 5 4
* Data through May 25.
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
2021 5,442 3,473 576 423 570 209 190 436 251 53 43 56 19 14
2022 10,100 6,494 1,125 958 1,006 317 200 775 452 94 91 97 30 11
2023* 10,924 6,959 1,176 1,072 1,171 244 301 915 504 100 106 152 32 20
Monthly average
2022-Dec. 10,327 6,607 1,193 859 1,007 610 52 756 430 89 79 106 48 5
2023-Jan. 11,627 7,255 1,346 1,178 1,428 329 92 960 523 115 104 171 37 9
Feb. 13,351 7,964 1,521 1,526 1,365 294 680 1,036 558 110 147 159 35 28
Mar. 10,884 7,353 1,274 1,015 982 115 145 897 517 118 106 128 15 14
Apr. 8,512 5,515 747 861 1,106 139 144 797 427 69 93 166 21 22
May* 10,344 6,687 984 800 1,003 371 498 890 496 88 83 140 55 28
Weekly (Friday) average
Apr. 28 9,217 5,645 948 953 1,410 141 120 906 449 75 110 231 27 14
May 5 12,666 8,139 1,144 891 648 418 1,427 931 563 99 87 94 42 46
May 12 9,820 6,256 976 884 1,197 310 196 903 462 88 107 180 46 20
May 19 9,749 6,635 889 695 945 403 182 874 515 85 68 113 73 20
May 26* 8,840 5,477 913 714 1,275 349 112 841 431 80 65 180 58 27
Daily
May 19 7,776 5,587 555 816 577 191 51 627 419 56 58 74 16 4
May 22 9,193 6,157 635 651 1,460 291 0 817 497 76 68 136 40 0
May 23 8,337 5,697 772 491 858 204 316 910 479 63 41 206 25 96
May 24 8,748 5,156 1,030 893 1,438 213 18 763 385 81 83 187 25 2
May 25 9,081 4,899 1,214 823 1,343 688 114 874 363 99 68 192 141 11
* Data through May 25.
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
2021 7,199 6,789 123 35 33 40 178 178 161 6 1 1 1 8
2022 9,562 8,408 596 118 224 88 128 246 206 18 4 7 3 9
2023* 7,977 6,940 637 147 171 27 54 222 188 19 4 5 1 5
Monthly average
2022-Dec. 8,685 7,634 619 33 214 17 167 244 210 16 2 5 1 11
2023-Jan. 7,456 6,195 721 130 203 59 147 202 156 19 5 6 2 15
Feb. 7,737 6,695 815 40 112 0 75 209 176 22 1 3 0 7
Mar. 8,002 7,223 603 85 77 5 10 224 199 19 2 2 0 0
Apr. 7,441 6,333 690 185 200 1 32 215 181 21 5 5 0 2
May* 9,298 8,268 357 305 282 73 13 260 227 13 7 9 3 1
Weekly (Friday) average
Apr. 28 6,340 5,542 345 430 2 0 21 185 157 11 14 0 0 4
May 5 9,751 8,541 262 288 394 245 20 265 232 8 6 11 8 0
May 12 8,804 7,851 444 364 123 16 6 250 219 16 9 3 1 2
May 19 9,445 8,578 416 197 222 10 23 269 236 19 4 6 1 2
May 26* 9,165 8,061 294 387 416 6 0 254 220 10 9 15 0 0
Daily
May 19 8,739 8,322 87 50 250 0 30 240 227 5 1 6 0 1
May 22 9,724 8,412 750 532 30 0 0 261 232 17 11 1 0 0
May 23 8,557 7,349 50 686 447 25 0 259 204 3 18 33 1 0
May 24 9,000 7,677 278 325 720 0 0 251 212 17 7 15 0 0
May 25 9,378 8,805 100 5 468 0 0 247 234 2 1 10 0 0
* Data through May 25.
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
2021 15,774 11,043 1,871 297 659 418 1,487 529 358 61 10 24 15 61
2022 16,982 11,030 2,697 541 918 483 1,314 535 336 77 16 31 16 58
2023* 15,549 9,737 2,835 457 850 349 1,321 487 300 80 15 28 11 52
Monthly average
2022-Dec. 17,184 11,225 2,537 610 929 466 1,416 518 331 69 17 29 16 56
2023-Jan. 17,853 12,040 2,358 465 949 330 1,712 542 351 66 13 30 12 69
Feb. 15,492 10,084 2,391 344 1,007 290 1,376 481 303 71 12 32 10 53
Mar. 15,374 9,614 3,028 596 798 335 1,003 480 301 86 20 26 10 37
Apr. 14,100 8,259 3,071 485 784 429 1,072 461 270 86 16 28 13 48
May* 14,917 8,673 3,301 363 722 359 1,501 473 275 91 14 25 11 57
Weekly (Friday) average
Apr. 28 14,602 8,805 3,060 505 649 401 1,182 475 291 88 15 25 14 43
May 5 14,986 7,936 3,186 393 948 593 1,930 473 249 92 16 30 18 68
May 12 14,692 8,847 3,084 419 702 270 1,370 476 278 86 15 24 10 63
May 19 14,453 9,023 3,019 276 586 245 1,304 469 293 82 11 25 7 52
May 26* 15,695 8,939 4,069 363 632 317 1,374 475 280 107 15 20 8 44
Daily
May 19 12,333 9,583 1,009 130 824 202 584 416 313 30 6 44 5 18
May 22 15,271 9,252 1,886 473 1,037 263 2,360 469 294 52 20 26 8 69
May 23 14,911 9,142 3,770 51 447 0 1,502 459 293 92 3 15 0 56
May 24 16,090 8,849 4,857 391 523 449 1,019 492 275 132 22 18 12 33
May 25 16,507 8,513 5,763 536 522 558 615 480 260 152 16 22 12 18
* Data through May 25.
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
2021 98,211 67,992 11,502 3,043 4,514 2,787 8,373 3,671 2,262 413 176 263 146 411
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* 114,016 77,546 13,679 4,936 7,048 2,646 8,162 4,643 2,735 512 305 492 172 428
Monthly average
2022-Dec. 113,453 79,123 12,957 4,521 6,311 3,558 6,983 4,418 2,716 469 262 385 203 382
2023-Jan. 115,535 77,854 13,126 5,137 7,843 2,438 9,137 4,693 2,716 513 299 521 168 478
Feb. 111,956 74,490 12,897 5,548 7,132 2,943 8,947 4,599 2,639 488 352 479 186 454
Mar. 112,857 79,240 13,108 5,442 6,650 2,512 5,905 4,504 2,774 515 327 426 148 314
Apr. 106,187 70,401 13,628 4,343 6,955 2,388 8,473 4,467 2,552 486 293 550 150 436
May* 124,124 85,749 15,787 4,125 6,706 3,003 8,754 4,987 2,995 558 249 493 216 475
Weekly (Friday) average
Apr. 28 107,474 73,257 13,508 4,660 5,620 2,017 8,411 4,719 2,771 495 302 571 157 423
May 5 127,862 87,435 16,121 3,696 7,063 4,159 9,388 5,024 3,061 579 249 450 235 450
May 12 122,521 85,222 14,693 4,239 7,051 2,535 8,781 5,010 2,944 544 277 497 221 528
May 19 122,277 85,923 15,324 3,966 5,532 2,420 9,112 4,988 3,051 535 220 462 211 508
May 26* 123,765 84,082 17,315 4,718 7,297 2,872 7,481 4,912 2,906 581 252 578 194 400
Daily
May 19 108,534 84,113 8,371 4,288 5,365 1,820 4,578 4,354 2,926 297 241 564 105 221
May 22 120,160 89,114 10,926 4,491 6,347 2,134 7,147 4,722 3,111 375 228 516 182 310
May 23 127,349 89,734 18,656 3,563 6,134 2,252 7,009 5,204 3,084 634 181 674 157 474
May 24 122,544 82,385 17,322 5,547 7,293 2,873 7,126 4,802 2,790 619 279 584 162 368
May 25 125,005 75,094 22,355 5,272 9,414 4,229 8,641 4,918 2,638 696 320 540 275 449
* Data through May 25.

Footnotes

1. Millions of dollars.

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Last Update: May 26, 2023