MNI: China CFETS Yuan Index Up 0.83% In Week of Dec 20

MNI: PBOC Net Drains CNY643.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1870 Mon; -2.26% Y/Y

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

EZ/UK T-Bill Calendar: Greece to Sell Bills Monday

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US DATA: Dallas Fed Survey Sees Strong Future Loan Demand

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • The Dallas Fed banking conditions survey, released 'from' 1030ET today and by being collected through Nov 5-13 offers a first look at post-election potential lending behavior, shows broadly similar findings to the prior survey six weeks ago.
  • Current loan demand continued to decline modestly whilst future loan demand maintained the particularly strong increase seen in the early October survey.
  • The latter is still impressive though considering 10Y Treasury yields increased circa 60bps between the two survey periods.
  • The continued tightening in credit standards tallies with the recent Oct 2024 survey from the NY Fed which showed rejection rates for autos and mortgage refinancing hit series highs.
  • NPLs offered a mixed picture, with current NPLs reversing the relative improvement seen in October but with expectations of future NPLs showing a notable improvement as the net share expecting increases fell to just 4.5% from 20.5% in October and 35.6% in mid-August.
148 words

To read the full story

Close

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.
  • The Dallas Fed banking conditions survey, released 'from' 1030ET today and by being collected through Nov 5-13 offers a first look at post-election potential lending behavior, shows broadly similar findings to the prior survey six weeks ago.
  • Current loan demand continued to decline modestly whilst future loan demand maintained the particularly strong increase seen in the early October survey.
  • The latter is still impressive though considering 10Y Treasury yields increased circa 60bps between the two survey periods.
  • The continued tightening in credit standards tallies with the recent Oct 2024 survey from the NY Fed which showed rejection rates for autos and mortgage refinancing hit series highs.
  • NPLs offered a mixed picture, with current NPLs reversing the relative improvement seen in October but with expectations of future NPLs showing a notable improvement as the net share expecting increases fell to just 4.5% from 20.5% in October and 35.6% in mid-August.