3 ms·
Look at the 3-month (90-day) commercial paper rates. They're split into different data sets on the FRED site[0][1], changing in 1997. I combined them into a si
by function_seven 4y ago
Look at the 3-month (90-day) commercial paper rates. They're split into different data sets on the FRED site[0][1], changing in 1997.
I combined them into a single chart here: https://ibb.co/h7c7DJS https://ibb.co/h7c7DJS
(Is ImgBB a good site? I stopped using imgur after too many dark patterns)
[0] https://fred.stlouisfed.org/series/WCP3M https://fred.stlouisfed.org/series/WCP3M
[1] https://fred.stlouisfed.org/series/DCPF3M https://fred.stlouisfed.org/series/DCPF3M
- lotsofpulp 4y agoSeems like it came down after 2007 and 2000 highs at similar levels. But who knows, maybe US government will leave it high. Maybe they will bring it back down to juice asset prices. Maybe the parameters of the world have changed to not allow that.
- rory 4y ago> maybe US government will leave it high Although the Fed can backstop commercial paper in emergencies (and they did so at the beginning of the pandemic), it's extremely unlikely that they start taking on enough to move rates in the medium term (like they did with mortgage backed securities). So this is not a rate that the government controls except very indirectly.