Commercial Paper Rates and Market

Most important  interest rate is commercial paper because its a maximum rate of 270 days. Its shortest term rate and changes daily.  Fed Funds rate is a secondary rate compared to commercial Paper. Commercial paper rates are used to build yield and interest rate curves due to Commercial Paper as a primary rate.

Watch Commercial Paper rates for Fed interest rate changes and not Fed Funds. Book this concept under market structure.

Non Financial rates are finance rates for inside the United States money markets while financials are overseas rates and used mainly by Corporations. Non financial rates are used by many, utility companies, mutual funds, banks, insurance companies and many others.

I use Commercial paper Rates daily for day trades in currencies as these are mandatory and most vital rates of all interest rates. They allow perfect entries and multiple trades per currency pair.

Here’s rates

Rates

 

Period AA nonfinancial A2/P2 nonfinancial
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 0.09 0.13 0.19 0.23 0.27 0.28 0.21 0.32 0.47 0.60
June 3 0.05 0.06 0.07 0.10 0.14 0.18 0.25 0.38 0.30 0.35 0.60 0.63
June 4 0.07 0.06 n.a. 0.09 0.13 0.18 0.25 0.28 0.24 0.91 0.49 0.65
June 5 0.06 0.07 0.08 0.10 0.14 0.19 0.24 0.21 0.24 0.30 0.42 0.52
June 8 0.07 0.10 n.a. n.a. n.a. 0.20 0.27 0.22 0.25 0.33 0.44 0.53

Outstanding Levels Seasonally Adjusted

Period AA financial AA asset-backed
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 n.a. 0.11 n.a. 0.23 0.12 0.15 0.15 0.17 0.21 0.23
June 3 0.06 0.08 n.a. n.a. 0.11 0.15 0.12 0.15 0.16 0.18 0.18 0.26
June 4 0.05 n.a. n.a. n.a. n.a. n.a. 0.12 0.13 0.14 0.16 0.20 0.25
June 5 0.06 n.a. n.a. n.a. n.a. n.a. 0.12 0.14 0.18 0.18 0.19 0.24
June 8 0.07 0.07 n.a. n.a. n.a. n.a. 0.12 0.14 0.15 0.17 0.21 0.25

 

Outstanding Levels

Not Seasonally Adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,136.2 325.4 244.0 81.5 567.7 225.6 342.1 241.7 1.4
Feb. 1,127.4 315.9 233.8 82.2 564.8 217.7 347.0 245.6 1.1
Mar. 1,092.5 308.0 233.2 74.8 516.9 210.5 306.4 266.5 1.2
Apr. 1,090.1 279.7 209.7 70.0 536.9 205.3 331.7 271.2 2.2
May 1,042.8 256.3 184.2 72.2 516.8 200.4 316.5 267.2 2.4
Weekly (Wednesday) levels
May 6 1,069.0 258.7 195.4 63.2 537.3 220.6 316.6 270.9 2.3
May 13 1,061.7 258.4 192.3 66.1 531.9 216.3 315.6 269.0 2.4
May 20 1,057.7 255.4 184.7 70.7 533.7 214.8 318.9 266.1 2.5
May 27 1,051.0 257.1 184.9 72.2 529.8 208.7 321.1 261.7 2.4
June 3 1,037.2 252.4 178.0 74.4 522.0 207.0 315.0 260.5 2.4

 

Not seasonally adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,149.8 307.2 222.1 85.1 587.5 240.3 347.1 253.9 1.3
Feb. 1,136.2 322.8 235.4 87.4 561.4 227.0 334.4 250.8 1.2
Mar. 1,088.8 307.0 243.1 63.9 508.3 210.1 298.2 272.4 1.1
Apr. 1,086.5 299.0 223.9 75.1 514.1 217.8 296.2 271.2 2.2
May 1,045.9 280.3 197.9 82.4 499.7 205.9 293.8 263.5 2.4
Weekly (Wednesday) levels
May 6 1,068.8 296.3 217.4 79.0 501.4 210.1 291.3 268.8 2.2
May 13 1,064.8 288.4 206.3 82.2 505.1 213.5 291.7 268.8 2.4
May 20 1,079.1 296.1 209.3 86.8 515.0 218.2 296.7 265.6 2.4
May 27 1,054.6 283.8 200.3 83.5 505.8 212.2 293.6 262.7 2.4
June 3 1,040.8 281.3 198.7 82.6 495.5 205.4 290.2 261.6 2.3

 

Brian Twomey

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