Commercial paper is sold by nonfinancial 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 Nonfinancial 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) nonfinancial companies. See the Fed's Commercial Paper report for more information.
See even more long-term Yield on One-Month AA Nonfinancial 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.