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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
Ahead of today’s SLOOS at 1400ET, we take a closer look at the Dallas Fed’s Banking Conditions Survey.
- It was released early last month but should cover a very similar period (Dec 19-27 vs the Jan’23 SLOOS held through Dec 19-Jan 6), i.e. a snapshot before last week’s NYCB’s concerns.
- Credit standards tightened at a slower pace across all loan types, whilst loan demand declined at the slowest pace since the end of 2022. The decline in loan volume eased across all loan types, with the greatest stabilization in commercial real estate and consumer loans.
- NPLs increased again, driven by consumer loans, but at a slightly slower pace than six weeks prior.
- Forward-looking: Bankers were less pessimistic with smaller declines in future business activity and loan demand, but NPLs were seen increasing at a slightly faster rate over the next six months.
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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