15-Day A2/P2 Nonfinancial Commercial Paper Interest Rate
This dataset tracks 15-day a2/p2 nonfinancial commercial paper interest rate over time.
Latest Value
4.50
Year-over-Year Change
-1.53%
Date Range
1/2/1998 - 8/8/2025
Summary
The 15-Day A2/P2 Nonfinancial Commercial Paper Interest Rate tracks short-term borrowing costs for high-quality, non-financial corporate debt instruments. This metric provides critical insights into corporate liquidity and credit market conditions.
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 rate represents the interest rate for 15-day commercial paper issued by non-financial corporations with an A2/P2 credit rating. It reflects the cost of short-term corporate borrowing and serves as an important indicator of corporate financial health and market credit conditions.
Methodology
The rate is calculated based on actual transactions and reported rates from primary dealers and commercial paper market participants.
Historical Context
Policymakers and investors use this trend to assess corporate borrowing costs and overall economic liquidity. It helps inform monetary policy decisions and provides insights into short-term credit market dynamics.
Key Facts
- Represents 15-day non-financial commercial paper rates
- Indicates short-term corporate borrowing conditions
- Uses A2/P2 credit rating as a benchmark
- Provides insights into corporate financial liquidity
FAQs
Q: What does A2/P2 mean in this context?
A: A2/P2 refers to a credit rating indicating high-quality, low-risk commercial paper from reliable corporate issuers.
Q: Why are 15-day commercial paper rates important?
A: These rates provide a snapshot of short-term corporate borrowing costs and reflect current market liquidity conditions.
Q: How do changes in this rate impact businesses?
A: Fluctuations can indicate changes in borrowing costs, potentially affecting corporate investment and expansion strategies.
Q: Who typically uses this economic indicator?
A: Investors, financial analysts, policymakers, and corporate financial managers use this rate to assess market conditions.
Q: How frequently is this rate updated?
A: The rate is typically updated daily, reflecting current market conditions and short-term lending dynamics.
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Citation
U.S. Federal Reserve, 15-Day A2/P2 Nonfinancial Commercial Paper Interest Rate [RIFSPPNA2P2D15NB], retrieved from FRED.
Last Checked: 8/1/2025