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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Looking further into the Q2 consumer credit data from the NY Fed, the $20B increase in auto loans and $35B decline in student loans (before the $39B debt forgiveness package) meant that outstanding student loans fell below auto loans for the first time since 4Q09.
- Compared with pre-pandemic levels of 4Q19, auto loans at 5.9% GDP are -0.2pps below, student loans at 5.8% GDP are -1.1pps whilst credit card balances at 3.8% GDP are -0.4pps.
- On student loans: “Federal student loan payments remain suspended until October 2023 and missed payments on federal student loans will not be reported to credit bureaus until 2024Q4. Because of these policies, less than 1% of aggregate student debt was reported 90+ days delinquent or in default in 2023Q2 and will remain low until at least 2024Q4.”
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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