90-Day AA Nonfinancial Commercial Paper Interest Rate
The interest rate on 90-day AA nonfinancial commercial paper. It is not a Treasury bill yield.
4.09
Percent
90-Day AA Nonfinancial Commercial Paper Interest Rate — latest reading: 4.09 percent. As of October 2026, it is up 10.5% over the past 12 months, well above its 10-year average. Source: DCPN3M, US Federal Reserve Board, published daily. Reported as published, without transformation and never restated once published.
Min
0.03
Max
6.65
Average
2.07
10Y Percentile
83%
3M Change
+1.2%
90-Day AA Nonfinancial Commercial Paper Interest Rate (DCPN3M) — 5000 observations from 1998-03-31 to 2026-10-13. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare 90-Day AA Nonfinancial Commercial Paper Interest Rate with other indicators →
Revisions
None. Across the 12 most recent prints held in the vintage archive, 90-Day AA Nonfinancial Commercial Paper Interest Rate was published once each and never restated. Market series behave this way; survey and sample-based statistics generally do not. How this is computed.
Macro Regime Context
The financial-conditions regime is currently neutral (97% confidence).
See what this means across all four regime dimensions →3-Month
+1.2%
6-Month
+0.7%
12-Month
+10.5%
What this means
90-Day AA Nonfinancial Commercial Paper Interest Rate is currently at 4.09 percent, which is well above its 10-year historical average. The trend is increasing (+1.2% over the past 3 months).
Over the past 6 months the change is +0.7%, and over 12 months it is +10.5%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "90-Day AA Nonfinancial Commercial Paper Interest Rate," https://www.macroradar.io/90-day-aa-nonfinancial-commercial-paper-interest-rate (as of October 2026).