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FAS87 ASC715 discount rates and Moody's Rates


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Data as of 04/29/216 (Friday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.63 3.63
Aa 3.67 3.67 3.67
A 3.99 3.89 3.94
Baa 4.66 4.72 4.69
Avg 4.11 3.98 4.05

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs.) 1.10
Medium-Term (5-10 yrs.) 1.52
Long-Term (10+ yrs.) 2.36

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of 05/31/2016 (Tuesday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.63 3.63
Aa 3.71 3.75 3.73
A 3.91 3.98 3.95
Baa 4.62 4.74 4.68
Avg 4.08 4.03 4.06

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.21
Medium-Term (5-10 yrs) 1.59
Long-Term (10+ yrs) 2.34

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 06/30/2016 (Thursday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.39 3.39
Aa 3.43 3.56 3.50
A 3.68 3.71 3.70
Baa 4.36 4.45 4.41
Avg 3.82 3.78 3.80

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 0.85
Medium-Term (5-10 yrs) 1.22
Long-Term (10+ yrs) 1.99

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 07/29/16 (Friday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.25 3.25
Aa 3.31 3.40 3.36
A 3.51 3.56 3.54
Baa 4.10 4.23 4.17
Avg 3.64 3.61 3.63

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 0.88
Medium-Term (5-10 yrs) 1.21
Long-Term (10+ yrs) 1.90

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of 08/31/2016 (Wednesday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.24 3.24
Aa 3.35 3.39 3.37
A 3.54 3.56 3.55
Baa 4.15 4.22 4.19
Avg 3.68 3.60 3.64

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.07
Medium-Term (5-10 yrs) 1.37
Long-Term (10+ yrs) 2.00

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 09/30/2016 (Friday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.44 3.44
Aa 3.46 3.51 3.49
A 3.64 3.68 3.66
Baa 4.26 4.31 4.29
Avg 3.79 3.74 3.77

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.03
Medium-Term (5-10 yrs) 1.38
Long-Term (10+ yrs) 2.10

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 4 weeks later...

Data as of 10/31/2016 (Monday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 3.61 3.61
Aa 3.65 3.74 3.70
A 3.83 3.89 3.86
Baa 4.38 4.51 4.45
Avg 3.95 3.94 3.95

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.17
Medium-Term (5-10 yrs) 1.57
Long-Term (10+ yrs) 2.34

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of 11/30/2016 (Wednesday)

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 4.01 4.01
Aa 4.06 4.07 4.07
A 4.22 4.26 4.24
Baa 4.77 4.86 4.82
Avg 4.35 4.30 4.33

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.66
Medium-Term (5-10 yrs) 2.17
Long-Term (10+ yrs) 2.84

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 12/30/2016 (Friday)

       

Moody's Daily Long-term Corporate Bond Yield Averages      

  Utilities Industrial Corporate

Aaa  NA  3.98  3.98 

Aa  4.02  4.03  4.03 

A  4.19  4.21  4.20 

Baa  4.70  4.75  4.73 

Avg  4.30  4.24  4.27 

       

Moody's Daily Treasury Yield Averages      

Short-Term (3-5 yrs)   1.72   

Medium-Term (5-10 yrs)   2.24   

Long-Term (10+ yrs)   2.89  

 

 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of January 31, 2017 (Tuesday)

Moody's Daily Long-term Corporate Bond Yield Averages         

            Utilities Industrial Corporate

Aaa        NA          3.99        3.99

Aa           3.99        4.08        4.04

A             4.19        4.21        4.20

Baa         4.61        4.74        4.68

Avg        4.26        4.26        4.26

                                

Moody's Daily Treasury Yield Averages                                  

Short-Term (3-5 yrs)                      1.69         

Medium-Term (5-10 yrs)                             2.23         

Long-Term (10+ yrs)                      2.88       

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 4 weeks later...

Data as of Feb. 28, 2017 (Tuesday)

       

Moody's Daily Long-term Corporate Bond Yield Averages

   Utilities Industrial Corporate

Aaa  NA  3.84   3.84 

Aa  3.92  3.95  3.94 

A  4.11  4.11  4.11 

Baa  4.49  4.60  4.55 

Avg  4.17  4.13  4.15 

       

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs)   1.70   

Medium-Term (5-10 yrs)   2.17   

Long-Term (10+ yrs)   2.82   

 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Sorry for delay posting the March 31 rates.  Moody's tells me they had some technical problems and promised to let me know when the month-end results will be available.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 2 weeks later...

I'm sorry to report that Moody's was unable/unwilling to retroactively send me the March 31 results.  However, they did provide one "average" rate:  4.23%.

 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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I have some of the 3/31/2017 data

Moody's Daily Long-term Corporate Bond Yield Averages

  Utilities Industrial Corporate
Average 4.25 4.21 4.23
Aaa   3.94 3.94
Aa 4 4.01 4.01
A 4.18 4.18 4.18
Baa 4.58 4.7 4.64

 - There are two types of people in the world: those who can extrapolate from incomplete data sets...

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Data as of April 28, 2017 (Friday)

 

Moody's Daily Long-term Corporate Bond Yield Averages      

  Utilities Industrial Corporate

Aaa  NA  3.85  3.85 

Aa  3.93  3.92  3.93 

A  4.13  4.11  4.12 

Baa  4.51  4.62  4.57 

Avg  4.19  4.13  4.16 

       

Moody's Daily Treasury Yield Averages      

Short-Term (3-5 yrs)   1.63   

Medium-Term (5-10 yrs)   2.07

Long-Term (10+ yrs)   2.77   

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of May 31, 2017 (Wednesday)

                                                 

Moody's Daily Long-term Corporate Bond Yield Averages                                              

           Utilities Industrial  Corporate

Aaa        NA          3.75       3.75

Aa           3.83       3.84       3.84

A             4.01       3.99       4.00

Baa         4.38       4.49       4.44

Avg        4.07       4.02       4.05

                                                 

Moody's Daily Treasury Yield Averages                                   

Short-Term (3-5 yrs)  1.57 

Medium-Term (5-10 yrs)   1.99 

Long-Term (10+ yrs)   2.68 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...
Moody's Daily Long-term Corporate Bond Yield Averages   06/30/17  
  Utilities Industrial Corporate
Aaa NA 3.71 3.71
Aa 3.81 3.80 3.81
A 3.98 3.95 3.97
Baa 4.36 4.43 4.40
Avg 4.05 3.97 4.01
       
Moody's Daily Treasury Yield Averages      
Short-Term (3-5 yrs)   1.66  
Medium-Term (5-10 yrs)   2.08  
Long-Term (10+ yrs)   2.69  

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 4 weeks later...

Moody's Daily Bond Yields

Data as of 07/31/17 (Monday)

 

Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate

Aaa  NA  3.68  3.68

Aa  3.80  3.79  3.80

A  3.97  3.95  3.96

Baa  4.33  4.39  4.36

Avg  4.03  3.95  3.99

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs)  1.54

Medium-Term (5-10 yrs)  2.01

Long-Term (10+ yrs)  2.71

 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Moody's Daily Bond Yields - Data as of 08/31/17 (Thursday)

Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate

Aaa  NA  3.59  3.59

Aa  3.63  3.70  3.67

A  3.81 3.85 3.83

Baa 4.18  4.34  4.26

Avg 3.87  3.87  3.87

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs) 1.44

Medium-Term (5-10 yrs) 1.85

Long-Term (10+ yrs) 2.52

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 09/29/17 (Friday)

Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate

Aaa NA 3.62 3.62

Aa 3.77  3.79  3.78

A 3.92  3.91  3.92

Baa 4.28  4.38  4.33

Avg 3.99  3.93  3.96

 

Moody's Daily Treasury Yield Averages 

Short-Term (3-5 yrs) 1.59

Medium-Term (5-10 yrs) 2.05

Long-Term (10+ yrs) 2.67

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 5 weeks later...

Data as of 10/31/2017 (Tuesday)

Moody's Daily Long-term Corporate Bond Yield Averages

 

Utilities Industrial Corporate

Aaa NA 3.58  3.58

Aa 3.70  3.69  3.70

A 3.88  3.86  3.87

Baa 4.21  4.37  4.29

Avg 3.93  3.88  3.91

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs)  1.67

Medium-Term (5-10 yrs) 2.11

Long-Term (10+ yrs)  2.69

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 11/30/17 (Thursday)

Moody's Daily Long-term Corporate Bond Yield Averages

 

Utilities Industrial Corporate

Aaa NA 3.61  3.61

Aa 3.68  3.69  3.69

A 3.87  3.87  3.87

Baa 4.21  4.39  4.30

Avg 3.92  3.89  3.91

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs) 1.83

Medium-Term (5-10 yrs) 2.23

Long-Term (10+ yrs) 2.69

 

 

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

Data as of 12/29/17 (Friday)

Moody's Daily Long-term Corporate Bond Yield Averages

 

     Utilities Industrial Corporate

Aaa NA 3.45  3.45

Aa 3.57  3.54  3.56

A 3.76  3.74  3.75

Baa 4.10  4.24  4.17

Avg 3.81  3.74  3.78

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs) 1.92

Medium-Term (5-10 yrs) 2.26

Long-Term (10+ yrs) 2.62

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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  • 1 month later...

My apologies, forgot to get the 01/31/18 rates.  Here are the rates for next day.

Data as of Feb. 1, 2018

Moody's Daily Long-term Corporate Bond Yield Averages

 

     Utilities  Industrial  Corporate

Aaa NA 3.62  3.62

Aa 3.80  3.78  3.79

A 3.96  3.93  3.95

Baa 4.27  4.40  4.34

Avg 4.01  3.93  3.97

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs) 2.23

Medium-Term (5-10 yrs) 2.61

Long-Term (10+ yrs)  2.91

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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Thanks to fellow actuary Jeff Hartmann for tracking down this information:

Data as of 01/31/2018 (Wednesday)

Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate

Aaa NA 3.59 3.59

Aa 3.74 3.71 3.73

A 3.91 3.87 3.89

Baa 4.21 4.35 4.28

Avg 3.95 3.88 3.92

 

Moody's Daily Treasury Yield Averages

Short-Term (3-5 yrs) 2.21

Medium-Term (5-10 yrs) 2.57

Long-Term (10+ yrs) 2.85

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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