FAS87 ASC715 discount rates and Moody's Rates

[Zach]

Data as of Wednesday, January 31, 2024 Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	4.86	4.86
Aa	5.26	4.86	5.06
A	5.40	5.10	5.25
Baa	5.64	5.55	5.60
Avg	5.43	5.09	5.26
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.30
Medium-Term (5-10 yrs)		3.17
Long-Term (10+ yrs)		4.01

[Zach]

Data as of Thursday, February 29, 2024 Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	5.05	5.05
Aa	5.44	5.14	5.29
A	5.59	5.32	5.46
Baa	5.82	5.78	5.80
Avg	5.62	5.32	5.47
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.64
Medium-Term (5-10 yrs)		3.33
Long-Term (10+ yrs)		4.22

[Zach]

Data as of Thursday, March 28, 2024

Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	4.97	4.97
Aa	5.38	5.03	5.21
A	5.50	5.24	5.37
Baa	5.72	5.67	5.70
Avg	5.53	5.23	5.38
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.60
Medium-Term (5-10 yrs)		3.27
Long-Term (10+ yrs)		4.14

 

[Zach]

Data as of Tuesday, April 30, 2024 Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	5.41	5.41
Aa	5.79	5.44	5.62
A	5.92	5.66	5.79
Baa	6.14	6.11	6.13
Avg	5.95	5.66	5.81
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.86
Medium-Term (5-10 yrs)		4.08
Long-Term (10+ yrs)		4.61

[Zach]

Data as of Friday, May 31, 2024 Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	5.30	5.30
Aa	5.65	5.32	5.49
A	5.77	5.53	5.65
Baa	6.00	5.94	5.97
Avg	5.81	5.52	5.67
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.68
Medium-Term (5-10 yrs)		3.90
Long-Term (10+ yrs)		4.45

[Zach]

Data as of Thursday, June 27, 2024 (will be out of town next week)

Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	5.14	5.14
Aa	5.54	5.23	5.39
A	5.64	5.40	5.52
Baa	5.87	5.81	5.84
Avg	5.68	5.40	5.54
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.51
Medium-Term (5-10 yrs)		3.70
Long-Term (10+ yrs)		4.23

[Zach]

Data as of Wednesday, July 31, 2024 Moody's Daily Long-term Corporate Bond Yield Averages
	Utilities	Industrial	Corporate
Aaa	NA	5.04	5.04
Aa	5.46	5.14	5.30
A	5.57	5.34	5.46
Baa	5.77	5.77	5.77
Avg	5.60	5.32	5.46
Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs)		3.22
Medium-Term (5-10 yrs)		3.45
Long-Term (10+ yrs)		4.11

[robodag]

I checked https://credittrends.moodys.com/ today - mostly wanted to double check that they weren't going to put out the rate on Labor Day. On my end, it seemed they were requiring a subscription now. I mostly record the Moody's AA corporate bond yield rate and was unsuccessful finding any other source of that rate. 

I figured I would mention this here, so Zach (or any others on this thread) aren't second guessing themselves if they're dealing with similar issues and to make sure I wasn't the only one. Are you dealing with similar issues Zach? Any ideas if so?

[Zach]

Thanks, yes, running into the same thing myself.

That is also the only rate I need. 

I have a call into them to see how much a subscription would be, I would think there are clauses against posting the rates here afterwards anyway.  It's hard to tell a client "trust me, that's the rate" if they don't have access to the rate and can't find it anywhere else.

 

[Zach]

Anyone think the SOA would have guidance?  Or FAS board?  I would think they would want a non-proprietary rate that is readily available for us to use.

[david rigby]

As I recall, there used to be access to some rate(s) on the SOA website (or maybe it was the Academy website).  But no longer.

[Zach]

So I checked and it is $4,750 annually.  We are a small firm, there is no way we could afford that just for a rate.