Rates & Yields

Updated monthly. Last update: 6/8/2017

The following interest rates are indicative of short-term floating and long-term fixed rates applicable to local government tax-exempt financing.  The Commercial Paper rate is reset approximately every 30 days.  The Bond Buyer Index represents a 20-year fixed rate.  VML/VACo Finance provides floating rate financing through its Commercial Paper program and fixed-rate financing through the Fixed Rate Loan Program.  VML/VACo Finance also offers Equipment Leasing.  The rates shown do not include applicable fees or costs of issuance.

This Month

Commercial Paper Rate                          Bond Buyer Index*

0.88%                3.53%

One Year Ago

Commercial Paper Rate                          Bond Buyer Index*

0.41%                3.18%

 * The 20-year Bond Buyer Index assumes a AA-rated, General Obligation pledge.

 

Interest Rates since 1990

03-2017

[Click on chart to enlarge.]

 

Investment Yields & Rates of Return

VML/VACo Finance offers two investment programs:

  • VACo/VML Virginia Investment Pool (VIP), offers two portfolios: VIP Stable NAV Liquidity Pool and VIP 1-3 Year High Quality Bond Fund. The daily yield for the Liquidity Pool is available at virginiainvestmentpool.org. The book yield for the 1-3 Year Fund is shown below (updated monthly).
  • VACo/VML Pooled OPEB Trust, an investment pool designed specifically for post-employment health insurance and other benefits.  Below is the five-year annualized return for Portfolio I.

    VACo/VML Virginia Investment Pool (VIP)

Book Yield (May 2017)
1.24%

VACo/VML Pooled OPEB Trust
5-Year Annualized Return
Fiscal year ending June 30, 2016 4.69%
Fiscal year ending June 30, 2015
8.76%
Fiscal year ending June 30, 2014 10.80%
Fiscal year ending June 30, 2013 4.80%