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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.
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  • 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.