# Contributions to the Cleveland Financial Stress Index: Commercial Paper minus T-Bill Spread

2015-05-27: 0.91 Units of Stress (+ see more)
Daily, Not Seasonally Adjusted, CPTBSD678FRBCLE, Updated: 2015-05-28 1:47 PM CDT
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This chart shows the contribution of the commercial paper -T-Bill Spread to the CFSI. This spread measures the difference between the 90-Day financial commercial paper rate and the 90-Day US Treasury Yield. It captures the short-term risk premium on financial companies' debt. A widening spread signals increases in the underlying risk of financial companies' operations.

Release: Cleveland Financial Stress Index

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(a) Contributions to the Cleveland Financial Stress Index: Commercial Paper minus T-Bill Spread, Units of Stress, Not Seasonally Adjusted (CPTBSD678FRBCLE)
This chart shows the contribution of the commercial paper -T-Bill Spread to the CFSI. This spread measures the difference between the 90-Day financial commercial paper rate and the 90-Day US Treasury Yield. It captures the short-term risk premium on financial companies' debt. A widening spread signals increases in the underlying risk of financial companies' operations.

Contributions to the Cleveland Financial Stress Index: Commercial Paper minus T-Bill Spread

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``` Federal Reserve Bank of Cleveland, Contributions to the Cleveland Financial Stress Index: Commercial Paper minus T-Bill Spread [CPTBSD678FRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/CPTBSD678FRBCLE/, May 28, 2015. ```

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