The STEP statistics concern short-term debt securities issued in the context of programmes that have received the STEP label from the STEP Market Committee ( http://www.stepmarket.org ). The STEP dataset comprises daily statistics on aggregated outstanding amounts and new issues, and daily and weekly aggregates on yields and spreads for securities issued in euro under STEP programmes. The yield statistics encompass annualised yields on euro-denominated STEP-labelled zero-coupon issues, referring to the primary market interest rates originally agreed between an issuer and an investor.
National Settlement Systems, International Settlement Systems, National Central Banks of the European Union, other national institutions approved as data providers by the STEP Market Committee. Since January 2025, with the introduction of CSDB data compilation, STEP eligible data providers are complemented with CSDB data, which has other data providers, including ESCB NCBs and commercial data providers.
STEP methodological notes at https://www.ecb.europa.eu/home/doc/ecb.doc_stepmethodologicalnotes.en.pdf.
Rating classification: Highest credit rating: issues with an underlying rating equal to A1, P1 or F1. High credit rating: issues rated A2, P2 or F2.
Business
Business
For information about the naming convention (series key dimensions and metadata), refer to the STP underlying DSD (ECB_STP1) maintained by the ECB.
STP - Short Term European Paper Statistics (STEP Statistics)
European Central Bank (ECB)
Weekly
Publication on the second business day during following calendar week.
Aggregates and interactive reports are available on the ECB Data Portal.
Amount outstanding by programme table is published on the ECB webpage at http://www.ecb.europa.eu/stats/money/step/html/index.en.html.
STEP reporting guidelines at https://www.ecb.europa.eu/home/doc/ecb.doc_stepreportinginstructions.en.pdf.
Download the series catalogue containing a full list of series and associated metadata of the dataset STP in CSV format (zipped)