| COMMERCIAL PAPER TWO-WEEK DISCOUNT RATES | ||||||||||
| Year to date as of 02/25 | ||||||||||
| Term (days) | 02/19 | 02/20 | 02/23 | 02/24 | 02/25 | 1-week Change (bps)* |
5-day Average |
52-wk High |
52-wk Low |
|
| AA Financial | ||||||||||
| 1-day | 1.00 | 0.97 | 0.99 | 0.96 | 0.97 | -2.95 | 0.98 | 1.38 | 0.89 | |
| 7-day | 0.99 | 0.97 | 0.99 | 0.99 | 1.00 | -1.20 | 0.99 | 1.28 | 0.92 | |
| 15-day | 0.99 | 0.98 | 0.99 | 1.00 | 1.00 | -1.55 | 0.99 | 1.27 | 0.91 | |
| 30-day | 1.01 | 1.00 | 1.02 | 1.01 | 1.01 | 0.25 | 1.01 | 1.25 | 0.92 | |
| 60-day | 1.02 | 1.02 | 1.02 | 1.02 | 1.03 | -0.05 | 1.02 | 1.26 | 0.89 | |
| 90-day | 1.02 | 1.03 | 1.04 | 1.04 | 1.03 | 0.70 | 1.03 | 1.26 | 0.91 | |
| AA Nonfinancial | ||||||||||
| 1-day | 0.98 | 0.96 | 0.98 | 0.96 | 0.96 | -2.70 | 0.97 | 1.37 | 0.89 | |
| 7-day | 0.98 | 1.00 | 0.98 | 0.99 | 1.03 | -0.90 | 1.00 | 1.27 | 0.90 | |
| 15-day | 1.04 | 1.00 | 1.01 | 0.98 | 1.00 | 0.60 | 1.01 | 1.27 | 0.95 | |
| 30-day | 1.00 | 0.98 | 1.02 | 1.00 | 0.99 | 1.30 | 1.00 | 1.28 | 0.91 | |
| 60-day | 0.99 | 1.01 | 1.00 | − | 1.00 | -0.50 | 1.00 | 1.28 | 0.90 | |
| 90-day | − | − | − | − | − | -1.00 | − | 1.26 | 0.88 | |
| A2/P2 Nonfinancial | ||||||||||
| 1-day | 1.04 | 1.03 | 1.05 | 1.03 | 1.03 | -2.15 | 1.04 | 1.49 | 1.00 | |
| 7-day | 1.05 | 1.06 | 1.07 | 1.06 | 1.05 | 0.05 | 1.06 | 1.42 | 1.03 | |
| 15-day | 1.06 | 1.07 | 1.07 | 1.11 | 1.08 | 0.30 | 1.08 | 1.43 | 1.06 | |
| 30-day | 1.10 | 1.10 | 1.12 | 1.11 | 1.13 | -0.30 | 1.11 | 1.54 | 1.08 | |
| 60-day | 1.16 | 1.14 | 1.11 | 1.09 | 1.12 | -1.10 | 1.12 | 1.54 | 1.06 | |
| 90-day | 1.19 | 1.18 | 1.24 | 1.18 | 1.14 | 1.85 | 1.19 | 1.61 | 1.05 | |
| Note: One week change based on the consecutive five-day floating averages.Source: Federal Reserve Bank | ||||||||||
More From Asset Securitization Report
PennyMac’s first all-investment property RMBS raises $298.1 million
Classes A1 through A3, which is composed of seven tranches, are expected to pay coupons of 6.39%.
Non-QM RMBS reaches $78B despite rising impairments
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
Ally grows despite ‘stubbornly high’ auto delinquencies
Until this quarter, car-loan delinquencies for the Detroit-based bank had been steadily dropping. But in the spring of 2026, that momentum showed signs of slowing.
Oil price shock pushes mortgage rates back above 6%
While this only shows a 2-basis-point rise in the 30-year fixed since last week, the Lender Price product and pricing engine data is 30 basis points higher.
Mortgage rates flatline following recent Fed cut
While the 30-year average has hovered near the same level for weeks, the past year brought with it promising trends that may ease affordability in 2026.
