US 3-month financial commercial paper interest rate
US 3-month financial commercial paper interest rate stood at 4.08% on Oct 13, 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 13, 2026. The complete series with an interactive chart, free to download.
This indicator in the Market interest rates table
| Indicator | 13-10-2026 | 06-10-2026 | 05-10-2026 | 01-10-2026 | 29-09-2026 | 28-09-2026 | 25-09-2026 | 24-09-2026 | 21-09-2026 | 11-09-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial commercial paper interest rate | |||||||||||
| 3-month | 4.08 | 4.07 | 4.08 | 4.16 | 4.07 | 4.15 | 4.08 | 4.07 | 3.9 | ||
| 1-month | 3.94 | 3.99 |
Understanding US 3-month financial commercial paper interest rate
At the three-month maturity mark, this indicator records the unsecured commercial paper interest rate of issuers operating in the financial sector. This rate is a short-term cost of capital standardized on an annual basis, not a guaranteed return for buyers selling prior to maturity. It differs from the non-financial series of the same maturity in the issuer's industry characteristics; it also differs from long-term bond yields due to a shorter risk exposure duration and funding objectives typically oriented toward liquidity or short-term financing.
Comparing this against a low-risk three-month instrument helps partially isolate the influence of general interest rate levels from credit and liquidity premiums. A widening spread typically signals unfavorable funding conditions, but can also stem from increased commercial paper supply or trading concentrated among high-rate issuers. Compare with the previous day to capture market momentum, then check multi-session trends to avoid noise caused by holidays and book closings. End-of-series data may be updated.
Frequently asked questions
- What does the spread over safe instruments of the same maturity indicate?
- It aggregates credit, liquidity, and supply-demand premia, so it cannot be viewed purely as a measure of default risk.
- Are buyers guaranteed to receive the displayed interest rate?
- Not necessarily, as actual outcomes depend on purchase price, maturity date, and whether the paper is held to term.
- Why should one also review the co-maturity non-financial series?
- This comparison helps identify whether capital pressure is concentrated in the financial sector or widespread across the corporate market.