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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
- Delinquencies see some focus within the NY Fed’s household debt and credit report for Q4.
- Overall delinquency rates rose to 3.1% after bottoming in 2021, but are still 1.6 pp lower than before the pandemic.
- There was however further dispersion by loan type, with credit cards and auto loans becoming increasingly onerous.
- Auto delinquency transition rates have surpassed pre-pandemic levels and are particularly bad for lower-income areas, New York Fed researchers said, adding that borrowers in their 30s are also seeing much faster rates of falling into delinquency on credit card balances.
- The transition into serious delinquency (90+) for credit cards is however particularly elevated compared to pre-pandemic trends – see chart.
Source: New York Fed
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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