Federal Reserve Economic Data

Table Data - Moody's Seasoned Aaa Corporate Bond Minus Federal Funds Rate

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 2024-10-01
Last Updated 2024-11-01 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.
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
2024-05-01 -0.08
2024-06-01 -0.20
2024-07-01 -0.21
2024-08-01 -0.46
2024-09-01 -0.45
2024-10-01 0.12

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