NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Moody's Seasoned Aaa Corporate Bond Minus Federal Funds Rate Series ID: AAAFFM Source: Federal Reserve Bank of St. Louis Release: Interest Rate Spreads (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1954-07-01 to 2024-04-01 Last Updated: 2024-05-01 4:01 PM CDT Notes: Series is calculated as the spread between Moody's Seasoned Aaa Corporate Bond© (https://fred.stlouisfed.org/series/AAA) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFRM). ©2017, Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "Moody's"). All rights reserved. Moody's ratings and other information ("Moody's Information") are proprietary to Moody's and/or its licensors and are protected by copyright and other intellectual property laws. Moody's Information is licensed to Client by Moody's. MOODY'S INFORMATION MAY NOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield). DATE VALUE 1954-07-01 2.09 1954-08-01 1.65 1954-09-01 1.83 1954-10-01 2.02 1954-11-01 2.06 1954-12-01 1.62 1955-01-01 1.54 1955-02-01 1.64 1955-03-01 1.67 1955-04-01 1.58 1955-05-01 1.61 1955-06-01 1.41 1955-07-01 1.38 1955-08-01 1.15 1955-09-01 0.95 1955-10-01 0.86 1955-11-01 0.75 1955-12-01 0.67 1956-01-01 0.66 1956-02-01 0.58 1956-03-01 0.60 1956-04-01 0.62 1956-05-01 0.53 1956-06-01 0.55 1956-07-01 0.53 1956-08-01 0.70 1956-09-01 0.61 1956-10-01 0.63 1956-11-01 0.81 1956-12-01 0.81 1957-01-01 0.93 1957-02-01 0.67 1957-03-01 0.70 1957-04-01 0.67 1957-05-01 0.74 1957-06-01 0.91 1957-07-01 1.00 1957-08-01 0.86 1957-09-01 0.65 1957-10-01 0.60 1957-11-01 0.80 1957-12-01 0.83 1958-01-01 0.88 1958-02-01 1.92 1958-03-01 2.43 1958-04-01 2.34 1958-05-01 2.94 1958-06-01 2.64 1958-07-01 2.99 1958-08-01 2.32 1958-09-01 2.33 1958-10-01 2.31 1958-11-01 1.82 1958-12-01 1.66 1959-01-01 1.64 1959-02-01 1.71 1959-03-01 1.33 1959-04-01 1.27 1959-05-01 1.47 1959-06-01 1.07 1959-07-01 1.00 1959-08-01 0.93 1959-09-01 0.76 1959-10-01 0.59 1959-11-01 0.56 1959-12-01 0.59 1960-01-01 0.62 1960-02-01 0.59 1960-03-01 0.65 1960-04-01 0.53 1960-05-01 0.61 1960-06-01 1.13 1960-07-01 1.18 1960-08-01 1.30 1960-09-01 1.65 1960-10-01 1.83 1960-11-01 1.87 1960-12-01 2.37 1961-01-01 2.87 1961-02-01 1.73 1961-03-01 2.20 1961-04-01 2.76 1961-05-01 2.29 1961-06-01 2.60 1961-07-01 3.24 1961-08-01 2.45 1961-09-01 2.57 1961-10-01 2.16 1961-11-01 1.78 1961-12-01 2.09 1962-01-01 2.27 1962-02-01 2.05 1962-03-01 1.54 1962-04-01 1.55 1962-05-01 1.92 1962-06-01 1.60 1962-07-01 1.63 1962-08-01 1.42 1962-09-01 1.42 1962-10-01 1.38 1962-11-01 1.31 1962-12-01 1.31 1963-01-01 1.29 1963-02-01 1.19 1963-03-01 1.21 1963-04-01 1.31 1963-05-01 1.22 1963-06-01 1.24 1963-07-01 1.24 1963-08-01 0.80 1963-09-01 0.83 1963-10-01 0.82 1963-11-01 0.85 1963-12-01 0.97 1964-01-01 0.91 1964-02-01 0.88 1964-03-01 0.95 1964-04-01 0.93 1964-05-01 0.91 1964-06-01 0.91 1964-07-01 0.98 1964-08-01 0.91 1964-09-01 0.97 1964-10-01 1.06 1964-11-01 0.91 1964-12-01 0.59 1965-01-01 0.53 1965-02-01 0.43 1965-03-01 0.38 1965-04-01 0.34 1965-05-01 0.34 1965-06-01 0.42 1965-07-01 0.39 1965-08-01 0.37 1965-09-01 0.51 1965-10-01 0.48 1965-11-01 0.50 1965-12-01 0.36 1966-01-01 0.32 1966-02-01 0.18 1966-03-01 0.27 1966-04-01 0.29 1966-05-01 0.08 1966-06-01 -0.10 1966-07-01 -0.14 1966-08-01 -0.22 1966-09-01 0.09 1966-10-01 -0.12 1966-11-01 -0.41 1966-12-01 -0.01 1967-01-01 0.26 1967-02-01 0.03 1967-03-01 0.60 1967-04-01 1.06 1967-05-01 1.30 1967-06-01 1.46 1967-07-01 1.79 1967-08-01 1.72 1967-09-01 1.66 1967-10-01 1.94 1967-11-01 1.94 1967-12-01 1.68 1968-01-01 1.57 1968-02-01 1.39 1968-03-01 1.06 1968-04-01 0.45 1968-05-01 0.16 1968-06-01 0.21 1968-07-01 0.22 1968-08-01 -0.01 1968-09-01 0.19 1968-10-01 0.18 1968-11-01 0.37 1968-12-01 0.43 1969-01-01 0.29 1969-02-01 0.05 1969-03-01 0.06 1969-04-01 -0.52 1969-05-01 -1.88 1969-06-01 -1.92 1969-07-01 -1.53 1969-08-01 -2.22 1969-09-01 -2.01 1969-10-01 -1.67 1969-11-01 -1.50 1969-12-01 -1.25 1970-01-01 -1.07 1970-02-01 -1.05 1970-03-01 0.08 1970-04-01 -0.27 1970-05-01 0.17 1970-06-01 0.88 1970-07-01 1.23 1970-08-01 1.52 1970-09-01 1.80 1970-10-01 1.83 1970-11-01 2.45 1970-12-01 2.74 1971-01-01 3.22 1971-02-01 3.36 1971-03-01 3.50 1971-04-01 3.10 1971-05-01 2.90 1971-06-01 2.73 1971-07-01 2.33 1971-08-01 2.03 1971-09-01 1.89 1971-10-01 2.19 1971-11-01 2.35 1971-12-01 3.11 1972-01-01 3.69 1972-02-01 3.98 1972-03-01 3.41 1972-04-01 3.13 1972-05-01 3.03 1972-06-01 2.77 1972-07-01 2.66 1972-08-01 2.39 1972-09-01 2.35 1972-10-01 2.17 1972-11-01 2.06 1972-12-01 1.75 1973-01-01 1.21 1973-02-01 0.64 1973-03-01 0.20 1973-04-01 0.14 1973-05-01 -0.55 1973-06-01 -1.12 1973-07-01 -2.95 1973-08-01 -2.82 1973-09-01 -3.15 1973-10-01 -2.41 1973-11-01 -2.36 1973-12-01 -2.27 1974-01-01 -1.82 1974-02-01 -1.12 1974-03-01 -1.34 1974-04-01 -2.26 1974-05-01 -2.94 1974-06-01 -3.46 1974-07-01 -4.20 1974-08-01 -3.01 1974-09-01 -2.10 1974-10-01 -0.79 1974-11-01 -0.56 1974-12-01 0.36 1975-01-01 1.70 1975-02-01 2.38 1975-03-01 3.13 1975-04-01 3.46 1975-05-01 3.68 1975-06-01 3.22 1975-07-01 2.74 1975-08-01 2.81 1975-09-01 2.71 1975-10-01 3.04 1975-11-01 3.56 1975-12-01 3.59 1976-01-01 3.73 1976-02-01 3.78 1976-03-01 3.68 1976-04-01 3.58 1976-05-01 3.29 1976-06-01 3.14 1976-07-01 3.25 1976-08-01 3.16 1976-09-01 3.13 1976-10-01 3.30 1976-11-01 3.30 1976-12-01 3.33 1977-01-01 3.35 1977-02-01 3.36 1977-03-01 3.41 1977-04-01 3.31 1977-05-01 2.70 1977-06-01 2.56 1977-07-01 2.52 1977-08-01 2.08 1977-09-01 1.78 1977-10-01 1.57 1977-11-01 1.57 1977-12-01 1.63 1978-01-01 1.71 1978-02-01 1.69 1978-03-01 1.68 1978-04-01 1.67 1978-05-01 1.33 1978-06-01 1.16 1978-07-01 1.07 1978-08-01 0.65 1978-09-01 0.24 1978-10-01 -0.07 1978-11-01 -0.73 1978-12-01 -0.87 1979-01-01 -0.82 1979-02-01 -0.80 1979-03-01 -0.72 1979-04-01 -0.63 1979-05-01 -0.74 1979-06-01 -1.00 1979-07-01 -1.27 1979-08-01 -1.71 1979-09-01 -1.99 1979-10-01 -3.64 1979-11-01 -2.42 1979-12-01 -3.04 1980-01-01 -2.73 1980-02-01 -1.75 1980-03-01 -4.23 1980-04-01 -5.57 1980-05-01 0.01 1980-06-01 1.11 1980-07-01 2.04 1980-08-01 2.03 1980-09-01 1.15 1980-10-01 -0.50 1980-11-01 -2.88 1980-12-01 -5.69 1981-01-01 -6.27 1981-02-01 -2.58 1981-03-01 -1.37 1981-04-01 -1.84 1981-05-01 -4.20 1981-06-01 -5.35 1981-07-01 -4.66 1981-08-01 -2.93 1981-09-01 -0.38 1981-10-01 0.32 1981-11-01 0.91 1981-12-01 1.86 1982-01-01 1.96 1982-02-01 0.49 1982-03-01 -0.10 1982-04-01 -0.48 1982-05-01 -0.19 1982-06-01 0.66 1982-07-01 2.02 1982-08-01 3.59 1982-09-01 2.63 1982-10-01 2.41 1982-11-01 2.48 1982-12-01 2.88 1983-01-01 3.11 1983-02-01 3.50 1983-03-01 2.96 1983-04-01 2.71 1983-05-01 2.83 1983-06-01 2.76 1983-07-01 2.78 1983-08-01 2.95 1983-09-01 2.92 1983-10-01 2.77 1983-11-01 3.07 1983-12-01 3.10 1984-01-01 2.64 1984-02-01 2.49 1984-03-01 2.66 1984-04-01 2.52 1984-05-01 2.96 1984-06-01 2.49 1984-07-01 2.21 1984-08-01 1.23 1984-09-01 1.36 1984-10-01 2.64 1984-11-01 2.86 1984-12-01 3.75 1985-01-01 3.73 1985-02-01 3.63 1985-03-01 3.98 1985-04-01 3.96 1985-05-01 3.75 1985-06-01 3.41 1985-07-01 3.09 1985-08-01 3.15 1985-09-01 3.15 1985-10-01 3.03 1985-11-01 2.50 1985-12-01 1.89 1986-01-01 1.91 1986-02-01 1.81 1986-03-01 1.52 1986-04-01 1.80 1986-05-01 2.24 1986-06-01 2.21 1986-07-01 2.32 1986-08-01 2.55 1986-09-01 3.00 1986-10-01 3.01 1986-11-01 2.64 1986-12-01 1.58 1987-01-01 1.93 1987-02-01 2.28 1987-03-01 2.23 1987-04-01 2.48 1987-05-01 2.48 1987-06-01 2.59 1987-07-01 2.84 1987-08-01 2.94 1987-09-01 2.96 1987-10-01 3.23 1987-11-01 3.32 1987-12-01 3.34 1988-01-01 3.05 1988-02-01 2.82 1988-03-01 2.81 1988-04-01 2.80 1988-05-01 2.81 1988-06-01 2.35 1988-07-01 2.21 1988-08-01 2.10 1988-09-01 1.63 1988-10-01 1.21 1988-11-01 1.10 1988-12-01 0.81 1989-01-01 0.50 1989-02-01 0.28 1989-03-01 -0.05 1989-04-01 -0.05 1989-05-01 -0.24 1989-06-01 -0.43 1989-07-01 -0.31 1989-08-01 -0.03 1989-09-01 -0.01 1989-10-01 0.08 1989-11-01 0.34 1989-12-01 0.41 1990-01-01 0.76 1990-02-01 0.98 1990-03-01 1.09 1990-04-01 1.20 1990-05-01 1.29 1990-06-01 0.97 1990-07-01 1.09 1990-08-01 1.28 1990-09-01 1.36 1990-10-01 1.42 1990-11-01 1.49 1990-12-01 1.74 1991-01-01 2.13 1991-02-01 2.58 1991-03-01 2.81 1991-04-01 2.95 1991-05-01 3.08 1991-06-01 3.11 1991-07-01 3.18 1991-08-01 3.09 1991-09-01 3.16 1991-10-01 3.34 1991-11-01 3.67 1991-12-01 3.88 1992-01-01 4.17 1992-02-01 4.23 1992-03-01 4.37 1992-04-01 4.60 1992-05-01 4.46 1992-06-01 4.46 1992-07-01 4.82 1992-08-01 4.65 1992-09-01 4.70 1992-10-01 4.89 1992-11-01 5.01 1992-12-01 5.06 1993-01-01 4.89 1993-02-01 4.68 1993-03-01 4.51 1993-04-01 4.50 1993-05-01 4.43 1993-06-01 4.29 1993-07-01 4.11 1993-08-01 3.82 1993-09-01 3.57 1993-10-01 3.68 1993-11-01 3.91 1993-12-01 3.97 1994-01-01 3.87 1994-02-01 3.83 1994-03-01 4.14 1994-04-01 4.32 1994-05-01 3.98 1994-06-01 3.72 1994-07-01 3.85 1994-08-01 3.60 1994-09-01 3.61 1994-10-01 3.81 1994-11-01 3.39 1994-12-01 3.01 1995-01-01 2.93 1995-02-01 2.34 1995-03-01 2.14 1995-04-01 1.98 1995-05-01 1.64 1995-06-01 1.30 1995-07-01 1.56 1995-08-01 1.83 1995-09-01 1.52 1995-10-01 1.36 1995-11-01 1.22 1995-12-01 1.22 1996-01-01 1.25 1996-02-01 1.77 1996-03-01 2.04 1996-04-01 2.28 1996-05-01 2.38 1996-06-01 2.44 1996-07-01 2.25 1996-08-01 2.24 1996-09-01 2.36 1996-10-01 2.15 1996-11-01 1.79 1996-12-01 1.91 1997-01-01 2.17 1997-02-01 2.12 1997-03-01 2.16 1997-04-01 2.22 1997-05-01 2.08 1997-06-01 1.85 1997-07-01 1.62 1997-08-01 1.68 1997-09-01 1.61 1997-10-01 1.50 1997-11-01 1.35 1997-12-01 1.26 1998-01-01 1.05 1998-02-01 1.16 1998-03-01 1.23 1998-04-01 1.24 1998-05-01 1.20 1998-06-01 0.97 1998-07-01 1.01 1998-08-01 0.97 1998-09-01 0.89 1998-10-01 1.30 1998-11-01 1.58 1998-12-01 1.54 1999-01-01 1.61 1999-02-01 1.64 1999-03-01 1.81 1999-04-01 1.90 1999-05-01 2.19 1999-06-01 2.47 1999-07-01 2.20 1999-08-01 2.33 1999-09-01 2.17 1999-10-01 2.35 1999-11-01 1.94 1999-12-01 2.25 2000-01-01 2.33 2000-02-01 1.95 2000-03-01 1.83 2000-04-01 1.62 2000-05-01 1.72 2000-06-01 1.14 2000-07-01 1.11 2000-08-01 1.05 2000-09-01 1.10 2000-10-01 1.04 2000-11-01 0.94 2000-12-01 0.81 2001-01-01 1.17 2001-02-01 1.61 2001-03-01 1.67 2001-04-01 2.40 2001-05-01 3.08 2001-06-01 3.21 2001-07-01 3.36 2001-08-01 3.37 2001-09-01 4.10 2001-10-01 4.54 2001-11-01 4.88 2001-12-01 4.95 2002-01-01 4.82 2002-02-01 4.77 2002-03-01 5.08 2002-04-01 5.01 2002-05-01 5.00 2002-06-01 4.88 2002-07-01 4.80 2002-08-01 4.63 2002-09-01 4.40 2002-10-01 4.57 2002-11-01 4.97 2002-12-01 4.97 2003-01-01 4.93 2003-02-01 4.69 2003-03-01 4.64 2003-04-01 4.48 2003-05-01 3.96 2003-06-01 3.75 2003-07-01 4.48 2003-08-01 4.85 2003-09-01 4.71 2003-10-01 4.69 2003-11-01 4.65 2003-12-01 4.64 2004-01-01 4.54 2004-02-01 4.49 2004-03-01 4.33 2004-04-01 4.73 2004-05-01 5.04 2004-06-01 4.98 2004-07-01 4.56 2004-08-01 4.22 2004-09-01 3.85 2004-10-01 3.71 2004-11-01 3.59 2004-12-01 3.31 2005-01-01 3.08 2005-02-01 2.70 2005-03-01 2.77 2005-04-01 2.54 2005-05-01 2.15 2005-06-01 1.92 2005-07-01 1.80 2005-08-01 1.59 2005-09-01 1.51 2005-10-01 1.57 2005-11-01 1.42 2005-12-01 1.21 2006-01-01 1.00 2006-02-01 0.86 2006-03-01 0.94 2006-04-01 1.05 2006-05-01 1.01 2006-06-01 0.90 2006-07-01 0.61 2006-08-01 0.43 2006-09-01 0.26 2006-10-01 0.26 2006-11-01 0.08 2006-12-01 0.08 2007-01-01 0.15 2007-02-01 0.13 2007-03-01 0.04 2007-04-01 0.22 2007-05-01 0.22 2007-06-01 0.54 2007-07-01 0.47 2007-08-01 0.77 2007-09-01 0.80 2007-10-01 0.90 2007-11-01 0.95 2007-12-01 1.25 2008-01-01 1.39 2008-02-01 2.55 2008-03-01 2.90 2008-04-01 3.27 2008-05-01 3.59 2008-06-01 3.68 2008-07-01 3.66 2008-08-01 3.64 2008-09-01 3.84 2008-10-01 5.31 2008-11-01 5.73 2008-12-01 4.89 2009-01-01 4.90 2009-02-01 5.05 2009-03-01 5.32 2009-04-01 5.24 2009-05-01 5.36 2009-06-01 5.40 2009-07-01 5.25 2009-08-01 5.10 2009-09-01 4.98 2009-10-01 5.03 2009-11-01 5.07 2009-12-01 5.14 2010-01-01 5.15 2010-02-01 5.22 2010-03-01 5.11 2010-04-01 5.09 2010-05-01 4.76 2010-06-01 4.70 2010-07-01 4.54 2010-08-01 4.30 2010-09-01 4.34 2010-10-01 4.49 2010-11-01 4.68 2010-12-01 4.84 2011-01-01 4.87 2011-02-01 5.06 2011-03-01 4.99 2011-04-01 5.06 2011-05-01 4.87 2011-06-01 4.90 2011-07-01 4.86 2011-08-01 4.27 2011-09-01 4.01 2011-10-01 3.91 2011-11-01 3.79 2011-12-01 3.86 2012-01-01 3.77 2012-02-01 3.75 2012-03-01 3.86 2012-04-01 3.82 2012-05-01 3.64 2012-06-01 3.48 2012-07-01 3.24 2012-08-01 3.35 2012-09-01 3.35 2012-10-01 3.31 2012-11-01 3.34 2012-12-01 3.49 2013-01-01 3.66 2013-02-01 3.75 2013-03-01 3.79 2013-04-01 3.58 2013-05-01 3.78 2013-06-01 4.18 2013-07-01 4.25 2013-08-01 4.46 2013-09-01 4.56 2013-10-01 4.44 2013-11-01 4.55 2013-12-01 4.53 2014-01-01 4.42 2014-02-01 4.38 2014-03-01 4.30 2014-04-01 4.15 2014-05-01 4.07 2014-06-01 4.15 2014-07-01 4.07 2014-08-01 3.99 2014-09-01 4.02 2014-10-01 3.83 2014-11-01 3.83 2014-12-01 3.67 2015-01-01 3.35 2015-02-01 3.50 2015-03-01 3.53 2015-04-01 3.40 2015-05-01 3.86 2015-06-01 4.06 2015-07-01 4.02 2015-08-01 3.90 2015-09-01 3.93 2015-10-01 3.83 2015-11-01 3.94 2015-12-01 3.73 2016-01-01 3.66 2016-02-01 3.58 2016-03-01 3.46 2016-04-01 3.25 2016-05-01 3.28 2016-06-01 3.12 2016-07-01 2.89 2016-08-01 2.92 2016-09-01 3.01 2016-10-01 3.11 2016-11-01 3.45 2016-12-01 3.52 2017-01-01 3.27 2017-02-01 3.29 2017-03-01 3.22 2017-04-01 2.97 2017-05-01 2.94 2017-06-01 2.64 2017-07-01 2.55 2017-08-01 2.47 2017-09-01 2.48 2017-10-01 2.45 2017-11-01 2.41 2017-12-01 2.21 2018-01-01 2.14 2018-02-01 2.40 2018-03-01 2.36 2018-04-01 2.16 2018-05-01 2.30 2018-06-01 2.14 2018-07-01 1.96 2018-08-01 1.97 2018-09-01 2.03 2018-10-01 1.95 2018-11-01 2.02 2018-12-01 1.75 2019-01-01 1.53 2019-02-01 1.39 2019-03-01 1.37 2019-04-01 1.27 2019-05-01 1.28 2019-06-01 1.04 2019-07-01 0.89 2019-08-01 0.86 2019-09-01 0.98 2019-10-01 1.18 2019-11-01 1.51 2019-12-01 1.46 2020-01-01 1.39 2020-02-01 1.20 2020-03-01 2.39 2020-04-01 2.38 2020-05-01 2.45 2020-06-01 2.36 2020-07-01 2.05 2020-08-01 2.16 2020-09-01 2.22 2020-10-01 2.26 2020-11-01 2.21 2020-12-01 2.17 2021-01-01 2.36 2021-02-01 2.62 2021-03-01 2.97 2021-04-01 2.83 2021-05-01 2.90 2021-06-01 2.71 2021-07-01 2.47 2021-08-01 2.46 2021-09-01 2.45 2021-10-01 2.60 2021-11-01 2.54 2021-12-01 2.56 2022-01-01 2.85 2022-02-01 3.17 2022-03-01 3.23 2022-04-01 3.43 2022-05-01 3.37 2022-06-01 3.05 2022-07-01 2.41 2022-08-01 1.74 2022-09-01 2.01 2022-10-01 2.02 2022-11-01 1.15 2022-12-01 0.34 2023-01-01 0.07 2023-02-01 -0.01 2023-03-01 -0.05 2023-04-01 -0.36 2023-05-01 -0.38 2023-06-01 -0.43 2023-07-01 -0.46 2023-08-01 -0.38 2023-09-01 -0.20 2023-10-01 0.28 2023-11-01 -0.05 2023-12-01 -0.59 2024-01-01 -0.46 2024-02-01 -0.30 2024-03-01 -0.32 2024-04-01 -0.05