Federal Reserve Economic Data

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

Title Moody's Seasoned Baa Corporate Bond Minus Federal Funds Rate
Series ID BAAFFM
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 Baa Corporate Bond© (https://fred.stlouisfed.org/series/BAA) 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 2.70
1954-08-01 2.27
1954-09-01 2.41
1954-10-01 2.61
1954-11-01 2.62
1954-12-01 2.17
1955-01-01 2.06
1955-02-01 2.18
1955-03-01 2.13
1955-04-01 2.06
1955-05-01 2.07
1955-06-01 1.87
1955-07-01 1.84
1955-08-01 1.60
1955-09-01 1.41
1955-10-01 1.35
1955-11-01 1.23
1955-12-01 1.14
1956-01-01 1.15
1956-02-01 1.08
1956-03-01 1.10
1956-04-01 1.06
1956-05-01 0.98
1956-06-01 1.05
1956-07-01 1.05
1956-08-01 1.20
1956-09-01 1.12
1956-10-01 1.21
1956-11-01 1.36
1956-12-01 1.43
1957-01-01 1.65
1957-02-01 1.47
1957-03-01 1.47
1957-04-01 1.44
1957-05-01 1.52
1957-06-01 1.63
1957-07-01 1.74
1957-08-01 1.58
1957-09-01 1.46
1957-10-01 1.49
1957-11-01 1.81
1957-12-01 2.05
1958-01-01 2.11
1958-02-01 2.99
1958-03-01 3.48
1958-04-01 3.41
1958-05-01 3.99
1958-06-01 3.62
1958-07-01 3.85
1958-08-01 3.14
1958-09-01 3.11
1958-10-01 3.12
1958-11-01 2.60
1958-12-01 2.43
1959-01-01 2.39
1959-02-01 2.46
1959-03-01 2.05
1959-04-01 1.90
1959-05-01 2.06
1959-06-01 1.65
1959-07-01 1.61
1959-08-01 1.59
1959-09-01 1.42
1959-10-01 1.30
1959-11-01 1.26
1959-12-01 1.29
1960-01-01 1.35
1960-02-01 1.37
1960-03-01 1.41
1960-04-01 1.28
1960-05-01 1.43
1960-06-01 1.94
1960-07-01 1.99
1960-08-01 2.10
1960-09-01 2.41
1960-10-01 2.64
1960-11-01 2.64
1960-12-01 3.12
1961-01-01 3.65
1961-02-01 2.53
1961-03-01 3.00
1961-04-01 3.52
1961-05-01 3.03
1961-06-01 3.30
1961-07-01 3.92
1961-08-01 3.11
1961-09-01 3.24
1961-10-01 2.87
1961-11-01 2.50
1961-12-01 2.77
1962-01-01 2.93
1962-02-01 2.70
1962-03-01 2.19
1962-04-01 2.24
1962-05-01 2.64
1962-06-01 2.34
1962-07-01 2.34
1962-08-01 2.13
1962-09-01 2.13
1962-10-01 2.09
1962-11-01 2.02
1962-12-01 1.99
1963-01-01 1.99
1963-02-01 1.89
1963-03-01 1.90
1963-04-01 1.97
1963-05-01 1.85
1963-06-01 1.85
1963-07-01 1.82
1963-08-01 1.34
1963-09-01 1.36
1963-10-01 1.33
1963-11-01 1.36
1963-12-01 1.47
1964-01-01 1.35
1964-02-01 1.35
1964-03-01 1.40
1964-04-01 1.38
1964-05-01 1.35
1964-06-01 1.35
1964-07-01 1.41
1964-08-01 1.32
1964-09-01 1.37
1964-10-01 1.45
1964-11-01 1.29
1964-12-01 0.96
1965-01-01 0.90
1965-02-01 0.80
1965-03-01 0.74
1965-04-01 0.71
1965-05-01 0.71
1965-06-01 0.81
1965-07-01 0.79
1965-08-01 0.76
1965-09-01 0.90
1965-10-01 0.85
1965-11-01 0.85
1965-12-01 0.70
1966-01-01 0.64
1966-02-01 0.52
1966-03-01 0.67
1966-04-01 0.74
1966-05-01 0.58
1966-06-01 0.41
1966-07-01 0.38
1966-08-01 0.30
1966-09-01 0.69
1966-10-01 0.57
1966-11-01 0.37
1966-12-01 0.78
1967-01-01 1.03
1967-02-01 0.82
1967-03-01 1.32
1967-04-01 1.78
1967-05-01 2.02
1967-06-01 2.17
1967-07-01 2.47
1967-08-01 2.43
1967-09-01 2.41
1967-10-01 2.64
1967-11-01 2.59
1967-12-01 2.42
1968-01-01 2.24
1968-02-01 2.09
1968-03-01 1.80
1968-04-01 1.21
1968-05-01 0.92
1968-06-01 1.00
1968-07-01 0.96
1968-08-01 0.79
1968-09-01 1.01
1968-10-01 0.93
1968-11-01 1.19
1968-12-01 1.21
1969-01-01 1.02
1969-02-01 0.69
1969-03-01 0.72
1969-04-01 0.13
1969-05-01 -1.15
1969-06-01 -1.20
1969-07-01 -0.77
1969-08-01 -1.33
1969-09-01 -1.10
1969-10-01 -0.78
1969-11-01 -0.60
1969-12-01 -0.32
1970-01-01 -0.12
1970-02-01 -0.20
1970-03-01 0.87
1970-04-01 0.60
1970-05-01 1.04
1970-06-01 1.65
1970-07-01 2.19
1970-08-01 2.83
1970-09-01 3.10
1970-10-01 3.13
1970-11-01 3.78
1970-12-01 4.22
1971-01-01 4.60
1971-02-01 4.67
1971-03-01 4.75
1971-04-01 4.30
1971-05-01 3.99
1971-06-01 3.84
1971-07-01 3.45
1971-08-01 3.20
1971-09-01 3.04
1971-10-01 3.28
1971-11-01 3.47
1971-12-01 4.24
1972-01-01 4.73
1972-02-01 4.94
1972-03-01 4.41
1972-04-01 4.07
1972-05-01 3.96
1972-06-01 3.74
1972-07-01 3.68
1972-08-01 3.39
1972-09-01 3.22
1972-10-01 3.02
1972-11-01 2.93
1972-12-01 2.60
1973-01-01 1.96
1973-02-01 1.39
1973-03-01 0.94
1973-04-01 0.97
1973-05-01 0.22
1973-06-01 -0.36
1973-07-01 -2.16
1973-08-01 -1.97
1973-09-01 -2.15
1973-10-01 -1.60
1973-11-01 -1.61
1973-12-01 -1.47
1974-01-01 -1.17
1974-02-01 -0.44
1974-03-01 -0.73
1974-04-01 -1.64
1974-05-01 -2.26
1974-06-01 -2.66
1974-07-01 -3.44
1974-08-01 -2.24
1974-09-01 -1.16
1974-10-01 0.42
1974-11-01 1.15
1974-12-01 2.10
1975-01-01 3.68
1975-02-01 4.41
1975-03-01 4.94
1975-04-01 5.09
1975-05-01 5.47
1975-06-01 5.07
1975-07-01 4.45
1975-08-01 4.45
1975-09-01 4.37
1975-10-01 4.80
1975-11-01 5.34
1975-12-01 5.36
1976-01-01 5.54
1976-02-01 5.47
1976-03-01 5.28
1976-04-01 5.12
1976-05-01 4.57
1976-06-01 4.41
1976-07-01 4.51
1976-08-01 4.35
1976-09-01 4.15
1976-10-01 4.27
1976-11-01 4.28
1976-12-01 4.47
1977-01-01 4.47
1977-02-01 4.44
1977-03-01 4.43
1977-04-01 4.34
1977-05-01 3.66
1977-06-01 3.52
1977-07-01 3.45
1977-08-01 2.92
1977-09-01 2.66
1977-10-01 2.42
1977-11-01 2.44
1977-12-01 2.43
1978-01-01 2.47
1978-02-01 2.42
1978-03-01 2.43
1978-04-01 2.43
1978-05-01 2.13
1978-06-01 2.00
1978-07-01 1.79
1978-08-01 1.44
1978-09-01 0.97
1978-10-01 0.63
1978-11-01 0.07
1978-12-01 -0.09
1979-01-01 0.06
1979-02-01 0.02
1979-03-01 0.17
1979-04-01 0.32
1979-05-01 0.23
1979-06-01 0.09
1979-07-01 -0.18
1979-08-01 -0.59
1979-09-01 -0.89
1979-10-01 -2.37
1979-11-01 -1.19
1979-12-01 -1.72
1980-01-01 -1.40
1980-02-01 -0.56
1980-03-01 -2.74
1980-04-01 -3.42
1980-05-01 2.19
1980-06-01 3.24
1980-07-01 3.62
1980-08-01 3.54
1980-09-01 2.83
1980-10-01 1.42
1980-11-01 -1.21
1980-12-01 -3.76
1981-01-01 -4.05
1981-02-01 -0.56
1981-03-01 0.64
1981-04-01 -0.16
1981-05-01 -2.57
1981-06-01 -3.30
1981-07-01 -2.87
1981-08-01 -1.48
1981-09-01 1.05
1981-10-01 2.03
1981-11-01 3.08
1981-12-01 4.18
1982-01-01 3.88
1982-02-01 2.40
1982-03-01 2.14
1982-04-01 1.84
1982-05-01 2.19
1982-06-01 2.77
1982-07-01 4.21
1982-08-01 6.20
1982-09-01 5.32
1982-10-01 5.02
1982-11-01 5.10
1982-12-01 5.19
1983-01-01 5.26
1983-02-01 5.44
1983-03-01 4.84
1983-04-01 4.49
1983-05-01 4.46
1983-06-01 4.39
1983-07-01 4.02
1983-08-01 4.08
1983-09-01 4.10
1983-10-01 3.98
1983-11-01 4.27
1983-12-01 4.28
1984-01-01 4.09
1984-02-01 4.00
1984-03-01 4.08
1984-04-01 4.02
1984-05-01 4.42
1984-06-01 3.99
1984-07-01 3.92
1984-08-01 2.99
1984-09-01 3.05
1984-10-01 3.95
1984-11-01 4.05
1984-12-01 5.02
1985-01-01 4.91
1985-02-01 4.73
1985-03-01 5.11
1985-04-01 5.24
1985-05-01 5.18
1985-06-01 4.87
1985-07-01 4.55
1985-08-01 4.60
1985-09-01 4.56
1985-10-01 4.37
1985-11-01 3.94
1985-12-01 3.31
1986-01-01 3.30
1986-02-01 3.25
1986-03-01 3.02
1986-04-01 3.20
1986-05-01 3.44
1986-06-01 3.42
1986-07-01 3.60
1986-08-01 4.01
1986-09-01 4.31
1986-10-01 4.39
1986-11-01 4.03
1986-12-01 3.06
1987-01-01 3.29
1987-02-01 3.55
1987-03-01 3.48
1987-04-01 3.67
1987-05-01 3.66
1987-06-01 3.79
1987-07-01 4.03
1987-08-01 4.07
1987-09-01 4.09
1987-10-01 4.33
1987-11-01 4.54
1987-12-01 4.52
1988-01-01 4.24
1988-02-01 4.04
1988-03-01 3.99
1988-04-01 4.03
1988-05-01 3.95
1988-06-01 3.49
1988-07-01 3.36
1988-08-01 3.20
1988-09-01 2.71
1988-10-01 2.11
1988-11-01 2.13
1988-12-01 1.89
1989-01-01 1.53
1989-02-01 1.25
1989-03-01 0.82
1989-04-01 0.77
1989-05-01 0.65
1989-06-01 0.50
1989-07-01 0.63
1989-08-01 0.89
1989-09-01 0.89
1989-10-01 0.97
1989-11-01 1.26
1989-12-01 1.37
1990-01-01 1.71
1990-02-01 1.90
1990-03-01 1.93
1990-04-01 2.04
1990-05-01 2.23
1990-06-01 1.93
1990-07-01 2.05
1990-08-01 2.28
1990-09-01 2.44
1990-10-01 2.63
1990-11-01 2.81
1990-12-01 3.12
1991-01-01 3.54
1991-02-01 3.82
1991-03-01 3.97
1991-04-01 4.03
1991-05-01 4.08
1991-06-01 4.06
1991-07-01 4.07
1991-08-01 3.99
1991-09-01 4.06
1991-10-01 4.28
1991-11-01 4.64
1991-12-01 4.83
1992-01-01 5.10
1992-02-01 5.17
1992-03-01 5.27
1992-04-01 5.48
1992-05-01 5.31
1992-06-01 5.29
1992-07-01 5.59
1992-08-01 5.35
1992-09-01 5.40
1992-10-01 5.74
1992-11-01 5.87
1992-12-01 5.89
1993-01-01 5.65
1993-02-01 5.36
1993-03-01 5.08
1993-04-01 5.18
1993-05-01 5.21
1993-06-01 5.03
1993-07-01 4.87
1993-08-01 4.57
1993-09-01 4.25
1993-10-01 4.32
1993-11-01 4.64
1993-12-01 4.73
1994-01-01 4.60
1994-02-01 4.51
1994-03-01 4.79
1994-04-01 4.96
1994-05-01 4.61
1994-06-01 4.40
1994-07-01 4.54
1994-08-01 4.27
1994-09-01 4.25
1994-10-01 4.44
1994-11-01 4.03
1994-12-01 3.65
1995-01-01 3.55
1995-02-01 2.93
1995-03-01 2.72
1995-04-01 2.55
1995-05-01 2.19
1995-06-01 1.90
1995-07-01 2.19
1995-08-01 2.45
1995-09-01 2.13
1995-10-01 1.99
1995-11-01 1.88
1995-12-01 1.89
1996-01-01 1.91
1996-02-01 2.41
1996-03-01 2.72
1996-04-01 2.97
1996-05-01 3.06
1996-06-01 3.13
1996-07-01 2.95
1996-08-01 2.96
1996-09-01 3.05
1996-10-01 2.83
1996-11-01 2.48
1996-12-01 2.60
1997-01-01 2.84
1997-02-01 2.75
1997-03-01 2.79
1997-04-01 2.83
1997-05-01 2.70
1997-06-01 2.46
1997-07-01 2.23
1997-08-01 2.28
1997-09-01 2.16
1997-10-01 2.07
1997-11-01 1.90
1997-12-01 1.82
1998-01-01 1.63
1998-02-01 1.74
1998-03-01 1.83
1998-04-01 1.88
1998-05-01 1.81
1998-06-01 1.57
1998-07-01 1.61
1998-08-01 1.59
1998-09-01 1.58
1998-10-01 2.11
1998-11-01 2.51
1998-12-01 2.55
1999-01-01 2.66
1999-02-01 2.63
1999-03-01 2.72
1999-04-01 2.74
1999-05-01 2.98
1999-06-01 3.26
1999-07-01 2.96
1999-08-01 3.08
1999-09-01 2.98
1999-10-01 3.18
1999-11-01 2.73
1999-12-01 2.89
2000-01-01 2.88
2000-02-01 2.56
2000-03-01 2.52
2000-04-01 2.38
2000-05-01 2.63
2000-06-01 1.95
2000-07-01 1.81
2000-08-01 1.76
2000-09-01 1.83
2000-10-01 1.83
2000-11-01 1.77
2000-12-01 1.62
2001-01-01 1.95
2001-02-01 2.38
2001-03-01 2.53
2001-04-01 3.27
2001-05-01 3.86
2001-06-01 4.00
2001-07-01 4.20
2001-08-01 4.20
2001-09-01 4.96
2001-10-01 5.42
2001-11-01 5.72
2001-12-01 6.23
2002-01-01 6.14
2002-02-01 6.15
2002-03-01 6.38
2002-04-01 6.28
2002-05-01 6.34
2002-06-01 6.20
2002-07-01 6.17
2002-08-01 5.84
2002-09-01 5.65
2002-10-01 5.98
2002-11-01 6.28
2002-12-01 6.21
2003-01-01 6.11
2003-02-01 5.80
2003-03-01 5.70
2003-04-01 5.59
2003-05-01 5.12
2003-06-01 4.97
2003-07-01 5.61
2003-08-01 5.98
2003-09-01 5.78
2003-10-01 5.72
2003-11-01 5.66
2003-12-01 5.62
2004-01-01 5.44
2004-02-01 5.26
2004-03-01 5.11
2004-04-01 5.46
2004-05-01 5.75
2004-06-01 5.75
2004-07-01 5.36
2004-08-01 5.03
2004-09-01 4.66
2004-10-01 4.45
2004-11-01 4.27
2004-12-01 3.99
2005-01-01 3.74
2005-02-01 3.32
2005-03-01 3.43
2005-04-01 3.26
2005-05-01 3.01
2005-06-01 2.82
2005-07-01 2.69
2005-08-01 2.46
2005-09-01 2.41
2005-10-01 2.52
2005-11-01 2.39
2005-12-01 2.16
2006-01-01 1.95
2006-02-01 1.78
2006-03-01 1.82
2006-04-01 1.89
2006-05-01 1.81
2006-06-01 1.79
2006-07-01 1.52
2006-08-01 1.34
2006-09-01 1.18
2006-10-01 1.17
2006-11-01 0.95
2006-12-01 0.98
2007-01-01 1.09
2007-02-01 1.02
2007-03-01 1.01
2007-04-01 1.14
2007-05-01 1.14
2007-06-01 1.45
2007-07-01 1.39
2007-08-01 1.63
2007-09-01 1.65
2007-10-01 1.72
2007-11-01 1.91
2007-12-01 2.41
2008-01-01 2.60
2008-02-01 3.84
2008-03-01 4.28
2008-04-01 4.69
2008-05-01 4.95
2008-06-01 5.07
2008-07-01 5.15
2008-08-01 5.15
2008-09-01 5.50
2008-10-01 7.91
2008-11-01 8.82
2008-12-01 8.27
2009-01-01 7.99
2009-02-01 7.86
2009-03-01 8.24
2009-04-01 8.24
2009-05-01 7.88
2009-06-01 7.29
2009-07-01 6.93
2009-08-01 6.42
2009-09-01 6.16
2009-10-01 6.17
2009-11-01 6.20
2009-12-01 6.25
2010-01-01 6.14
2010-02-01 6.21
2010-03-01 6.11
2010-04-01 6.05
2010-05-01 5.85
2010-06-01 6.05
2010-07-01 5.83
2010-08-01 5.47
2010-09-01 5.47
2010-10-01 5.53
2010-11-01 5.73
2010-12-01 5.92
2011-01-01 5.92
2011-02-01 5.99
2011-03-01 5.89
2011-04-01 5.92
2011-05-01 5.69
2011-06-01 5.66
2011-07-01 5.69
2011-08-01 5.26
2011-09-01 5.19
2011-10-01 5.30
2011-11-01 5.06
2011-12-01 5.18
2012-01-01 5.15
2012-02-01 5.04
2012-03-01 5.10
2012-04-01 5.05
2012-05-01 4.91
2012-06-01 4.86
2012-07-01 4.71
2012-08-01 4.78
2012-09-01 4.70
2012-10-01 4.42
2012-11-01 4.35
2012-12-01 4.47
2013-01-01 4.59
2013-02-01 4.70
2013-03-01 4.71
2013-04-01 4.44
2013-05-01 4.62
2013-06-01 5.10
2013-07-01 5.23
2013-08-01 5.34
2013-09-01 5.39
2013-10-01 5.22
2013-11-01 5.30
2013-12-01 5.29
2014-01-01 5.12
2014-02-01 5.03
2014-03-01 4.98
2014-04-01 4.81
2014-05-01 4.67
2014-06-01 4.70
2014-07-01 4.64
2014-08-01 4.60
2014-09-01 4.71
2014-10-01 4.60
2014-11-01 4.70
2014-12-01 4.62
2015-01-01 4.34
2015-02-01 4.40
2015-03-01 4.43
2015-04-01 4.36
2015-05-01 4.77
2015-06-01 5.00
2015-07-01 5.07
2015-08-01 5.05
2015-09-01 5.20
2015-10-01 5.22
2015-11-01 5.34
2015-12-01 5.22
2016-01-01 5.11
2016-02-01 4.96
2016-03-01 4.77
2016-04-01 4.42
2016-05-01 4.31
2016-06-01 4.15
2016-07-01 3.83
2016-08-01 3.84
2016-09-01 3.91
2016-10-01 3.98
2016-11-01 4.30
2016-12-01 4.29
2017-01-01 4.01
2017-02-01 3.98
2017-03-01 3.89
2017-04-01 3.67
2017-05-01 3.64
2017-06-01 3.33
2017-07-01 3.24
2017-08-01 3.15
2017-09-01 3.15
2017-10-01 3.17
2017-11-01 3.11
2017-12-01 2.92
2018-01-01 2.85
2018-02-01 3.09
2018-03-01 3.13
2018-04-01 2.98
2018-05-01 3.13
2018-06-01 3.01
2018-07-01 2.88
2018-08-01 2.86
2018-09-01 2.93
2018-10-01 2.88
2018-11-01 3.02
2018-12-01 2.86
2019-01-01 2.72
2019-02-01 2.55
2019-03-01 2.44
2019-04-01 2.28
2019-05-01 2.24
2019-06-01 2.08
2019-07-01 1.88
2019-08-01 1.75
2019-09-01 1.86
2019-10-01 2.09
2019-11-01 2.39
2019-12-01 2.33
2020-01-01 2.22
2020-02-01 2.03
2020-03-01 3.66
2020-04-01 4.08
2020-05-01 3.90
2020-06-01 3.56
2020-07-01 3.22
2020-08-01 3.18
2020-09-01 3.27
2020-10-01 3.35
2020-11-01 3.21
2020-12-01 3.07
2021-01-01 3.15
2021-02-01 3.34
2021-03-01 3.67
2021-04-01 3.53
2021-05-01 3.56
2021-06-01 3.36
2021-07-01 3.14
2021-08-01 3.15
2021-09-01 3.15
2021-10-01 3.27
2021-11-01 3.20
2021-12-01 3.22
2022-01-01 3.50
2022-02-01 3.89
2022-03-01 4.09
2022-04-01 4.33
2022-05-01 4.36
2022-06-01 4.08
2022-07-01 3.56
2022-08-01 2.82
2022-09-01 3.11
2022-10-01 3.18
2022-11-01 2.32
2022-12-01 1.50
2023-01-01 1.17
2023-02-01 1.02
2023-03-01 1.06
2023-04-01 0.70
2023-05-01 0.72
2023-06-01 0.67
2023-07-01 0.62
2023-08-01 0.69
2023-09-01 0.83
2023-10-01 1.30
2023-11-01 0.96
2023-12-01 0.31
2024-01-01 0.35
2024-02-01 0.44
2024-03-01 0.42
2024-04-01 0.67
2024-05-01 0.62
2024-06-01 0.49
2024-07-01 0.51
2024-08-01 0.27
2024-09-01 0.29
2024-10-01 0.80

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