Save US Commercial Paper Rate & EFFR Spread
Commercial Paper is issued by corporations that need short-term, unsecured loans. Its average maturity is shorter than one year and it's issued in 2 types: AA and A2, both investment-grade.
Effective federal fund rate (EFFR) is the real inter-bank interest rate.
The spread between commercial paper rate and EFFR is a measure of the borrowing costs that banks with high credit ratings have. When liquidity gets tight, commercial paper rate rises and the spread widens.
3-month AA Financial Commercial Paper Rate - EFFR2021-03-040.04 %
3-month AA Non-financial Commercial Paper - EFFR0.00
3-month A2 Non-financial Commercial Paper - EFFR0.00