30-Day AA Nonfinancial Commercial Paper Interest Rate
RIFSPPNAAD30NB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.28
Year-over-Year Change
-0.47%
Date Range
10/5/2021 - 8/4/2025
Summary
The 30-Day AA Nonfinancial Commercial Paper Interest Rate tracks the average short-term borrowing costs for high-quality corporate debt instruments. This metric provides critical insight into corporate financing conditions and overall credit market health.
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
Commercial paper represents unsecured, short-term corporate debt used by companies to fund immediate operational needs. The AA rating indicates a high-quality credit rating, reflecting lower default risk and more favorable lending terms.
Methodology
The rate is calculated by aggregating interest rates from top-tier nonfinancial corporations issuing 30-day commercial paper, weighted by transaction volume.
Historical Context
Economists and policymakers use this rate to assess corporate liquidity, credit market stress, and potential shifts in monetary policy. It serves as a key indicator of short-term corporate borrowing conditions.
Key Facts
- Represents 30-day borrowing costs for top-rated nonfinancial corporations
- Provides insight into corporate liquidity and credit market conditions
- Reflects short-term lending rates for high-quality corporate debt
- Used by investors and policymakers to assess economic health
FAQs
Q: What does an AA rating mean for commercial paper?
A: An AA rating indicates high credit quality with very low default risk, suggesting the issuing corporation has strong financial stability and creditworthiness.
Q: How often is this rate updated?
A: The rate is typically updated daily, reflecting current market conditions and short-term lending dynamics.
Q: Why do investors track commercial paper rates?
A: Investors use these rates to assess corporate financial health, compare investment opportunities, and understand short-term credit market trends.
Q: How does this rate relate to monetary policy?
A: The commercial paper rate can influence and be influenced by Federal Reserve monetary policy decisions, serving as an indicator of broader economic conditions.
Q: Can this rate predict economic downturns?
A: Significant changes in commercial paper rates can signal potential economic stress or shifts in corporate borrowing conditions.
Related Trends
90-Day A2/P2 Nonfinancial Commercial Paper Interest Rate
RIFSPPNA2P2D90NB
90-Day AA Asset-Backed Commercial Paper Interest Rate
RIFSPPAAAD90NB
60-Day AA Asset-Backed Commercial Paper Interest Rate
RIFSPPAAAD60NB
7-Day A2/P2 Nonfinancial Commercial Paper Interest Rate
RIFSPPNA2P2D07NB
60-Day AA Financial Commercial Paper Interest Rate
RIFSPPFAAD60NB
15-Day AA Nonfinancial Commercial Paper Interest Rate
RIFSPPNAAD15NB
Citation
U.S. Federal Reserve, 30-Day AA Nonfinancial Commercial Paper Interest Rate [RIFSPPNAAD30NB], retrieved from FRED.
Last Checked: 8/1/2025