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Commercial paper is sold by financial institutions as an alternative to borrowing from banks or other institutions. These short-term promissory notes are used for operation expenses such as payroll and rent. The One-Month AA Financial Commercial Paper Rate is updated daily by the Board of Governors in its H.15 release and shows the rate on one-month papers issued by highly rated (AA) financial companies. See the Fed's Commercial Paper report for more information.
See even more long-term Yield on One-Month AA Financial Commercial Paper charts and historical data from FRED (Federal Reserve Economic Data), the St. Louis Fed Research Department's database of more than 20,000 U.S. economic time series.