US 1-month financial commercial paper interest rate
US 1-month financial commercial paper interest rate stood at 3.94% on Oct 5, 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the Market interest rates table (Value · Daily), with a complete series running from Jan 2, 1997 to Oct 5, 2026. The complete series with an interactive chart, free to download.
This indicator in the Market interest rates table
| Indicator | 15-10-2026 | 06-10-2026 | 05-10-2026 | 29-09-2026 | 28-09-2026 | 25-09-2026 | 22-09-2026 | 09-09-2026 | 04-09-2026 | 31-08-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial commercial paper interest rate | |||||||||||
| 1-month | 3.94 | 3.99 | 3.71 | ||||||||
| 2-month | 4.09 | 4 | 4.01 | 4.01 | 4.06 | 4.12 | 4.09 | 3.76 | 3.76 |
Understanding US 1-month financial commercial paper interest rate
This series describes the interest rate on unsecured commercial paper issued by financial corporations, with maturities around one month. Funding is typically tied to the issuer's financing activities, balance sheet management, or short-term liquidity needs. This indicator is not a deposit interest rate, interbank interest rate, or retail borrowing cost. The distinction from non-financial commercial paper of the same maturity lies in the borrower's business type, a factor that can cause sensitivity to money market conditions to differ.
Because data follows a daily cadence, comparison with the preceding period helps detect short-term stress, but conclusions should not be drawn from a single observation. Capital demand at closing dates, concentrated maturity schedules, and trading liquidity can cause interest rates to spike and drop quickly. To assess the degree of stress, one should examine the spread against low-risk instruments of the same maturity and compare it with non-financial commercial paper. Holidays create gaps between observations, and the latest value may change after information is finalized.
Frequently asked questions
- Is financial commercial paper secured by assets?
- This series targets unsecured commercial paper, so the issuer's debt-servicing capacity is the primary foundation.
- Why might the financial sector fluctuate differently from the non-financial sector?
- The balance sheets of this sector are generally more sensitive to market capital costs and short-term liquidity needs.
- Can it be compared directly with personal loan interest rates?
- It should not, as this is the wholesale cost of funds for issuers, whereas personal loans include servicing costs and different borrower risks.