The Interest Rates Overview page provides a comprehensive review of various interest rate data. Trend highlights are provided for items including Treasuries, Bank Rates, Swaps, Dollar Libor, and Yield Curves. Condensed interest rates tables provide recent historical interest rates in each category. As an additional resource, we also provide summaries and links to recent interest rate related news.
Treasury Rates
This table lists the major interest rates for US Treasury Bills and shows how these rates have moved over the last 1, 3, 6, and 12 months. Click on any Rate to view a detailed quote.
Treasury bills, notes and bonds are sold by the U.S. Treasury Department. A United States Treasury security is a government debt issued by the United States Department of the Treasury through the Bureau of the Public Debt. Treasury securities are the debt financing instruments of the United States federal government, and they are often referred to simply as Treasurys. The difference between bills, notes and bonds are the length until maturity.
Treasury bills (or T-Bills) mature in one year or less. Like zero-coupon bonds, they do not pay interest prior to maturity; instead they are sold at a discount of the par value to create a positive yield to maturity. Many regard Treasury bills as the least risky investment available to U.S. investors.
Treasury notes (or T-Notes) mature in one to ten years, have a coupon payment every six months, and have denominations of $1,000. In the basic transaction, one buys a "$1,000" T-Note for say, $950, collects interest over 10 years of say, 3% per year, which comes to $30 yearly, and at the end of the 10 years cashes it in for $1000. So, $950 over the course of 10 years becomes $1300.
Treasury bonds (T-Bonds, or the long bond) have the longest maturity, from twenty years to thirty years. They have a coupon payment every six months like T-Notes, and are commonly issued with maturity of thirty years. The secondary market is highly liquid, so the yield on the most recent T-Bond offering was commonly used as a proxy for long-term interest rates in general. (1)
(1) Source: Wikipedia
Canadian Treasury Rates
This table lists the major interest rates for Canada's Treasury Bills and shows how these rates have moved over the last 1, 3, 6, and 12 months. Click on any Rate to view a detailed quote.
The Bank of Canada updates their Interest Rate data each business day. The Canadian government fully guarantees investments in the Canadian treasury.
Interest Rates Swaps
In an interest rate swap agreement, one party undertakes payments linked to a floating interest rate index and receives a stream of fixed interest payments. The second party undertakes the reverse arrangement. The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate.
The table shows how these rates have moved over the last 1, 3, 6, and 12 months. Click on any Rate to view a detailed quote.
Commercial Paper
This table lists Commercial Paper rates and shows how these rates have moved over the last 1, 3, 6, and 12 months. Click on any Rate to view a detailed quote.
Commercial paper is an unsecured promissory note with a maturity of 1 - 270 days. The commercial paper market provides a means for corporations to borrow money to cover short-term debt obligations (such as payroll). Commercial paper rates are the rates at which corporations pay in order to borrow this money in the commercial paper market. Our Commercial Paper Interest Rates page provides charts for commercial paper rates and historical rate data for the commercial paper market.
Bank Rates
This table lists Bank rates and shows how these rates have moved over the last 1, 3, 6, and 12 months. Click on any Rate to view a detailed quote.
A Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity. Lower bank rates can help to expand the economy, when unemployment is high, by lowering the cost of funds for borrowers. Conversely, higher bank rates help to reign in the economy, when inflation is higher than desired. The bank rate can also refer to the interest rate which banks charge customers on loans. (1)
(1) Source: Investopedia
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