15-Day AA Asset-Backed Commercial Paper Interest Rate
RIFSPPAAAD15NB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-0.23%
Date Range
10/7/2021 - 8/6/2025
Summary
The 15-Day AA Asset-Backed Commercial Paper Interest Rate tracks short-term borrowing costs for high-quality commercial paper over a 15-day period. This metric provides critical insights into short-term credit market conditions and corporate financing dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This interest rate represents the average yield for top-rated asset-backed commercial paper with a 15-day maturity, serving as a key indicator of short-term lending conditions. Economists and financial analysts use this rate to assess liquidity, credit market health, and potential economic stress.
Methodology
The rate is calculated by aggregating interest rates from multiple financial institutions for AA-rated asset-backed commercial paper with a 15-day term.
Historical Context
Central banks and financial regulators monitor this rate as a real-time indicator of credit market conditions and potential systemic financial risks.
Key Facts
- Represents interest rates for top-rated, 15-day commercial paper
- Provides rapid insight into short-term corporate borrowing costs
- Crucial for understanding immediate credit market conditions
FAQs
Q: What does AA rating mean in this context?
A: AA rating indicates a high-quality, low-risk asset-backed commercial paper with strong creditworthiness and minimal default probability.
Q: How frequently is this rate updated?
A: The rate is typically updated daily, reflecting current market conditions and short-term lending dynamics.
Q: Why do investors care about this rate?
A: Investors use this rate to assess short-term investment opportunities and gauge overall market liquidity and credit health.
Q: How does this rate relate to broader economic conditions?
A: Changes in this rate can signal shifts in corporate borrowing costs, economic sentiment, and potential monetary policy adjustments.
Q: What limitations exist in interpreting this rate?
A: The rate represents a specific market segment and should be analyzed alongside other economic indicators for comprehensive insights.
Related Trends
Overnight AA Nonfinancial Commercial Paper Interest Rate
RIFSPPNAAD01NB
15-Day AA Financial Commercial Paper Interest Rate
RIFSPPFAAD15NB
30-Day A2/P2 Nonfinancial Commercial Paper Interest Rate
RIFSPPNA2P2D30NB
90-Day AA Financial Commercial Paper Interest Rate
RIFSPPFAAD90NB
60-Day A2/P2 Nonfinancial Commercial Paper Interest Rate
RIFSPPNA2P2D60NB
60-Day AA Nonfinancial Commercial Paper Interest Rate
RIFSPPNAAD60NB
Citation
U.S. Federal Reserve, 15-Day AA Asset-Backed Commercial Paper Interest Rate [RIFSPPAAAD15NB], retrieved from FRED.
Last Checked: 8/1/2025