Search Results for: credit

Fed’s Credit Lending Facilities Only a fraction of Fed’s emergency lending facilities has been deployed so far. Image: Oxford Economics

U.S. Credit Impulse as % of GDP vs. U.S. Private Domestic Demand Growth Credit growth in the U.S. has historically been a good indicator of underlying GDP growth. Image: Deutsche Bank

U.S. IG Credit Spread and S&P 500 vs. Citi U.S. Economic Surprise Index Chart suggesting that since mid-May, the rally has been driven by positive macroeconomic factors. Image: BofA Global Research

Equity Performance by Credit Rating This chart shows the impact of credit ratings on stock returns since the beginning of the year. Image: Ken Fisher, Fisher Investments

Net Issuance – Agency MBS, IG Corporate Credit, and U.S. Treasury Bills and Coupons March and April saw record paces of IG issuance. YTD total of net supply in IG is above last year’s number. Image: Goldman Sachs Global Investment Research

Credit Risk – U.S. BBB Spreads Outside of GFC and the Great Depression, U.S. BBB spreads have never been higher. Image: Deutsche Bank

Free Credit Balances in Customers’s Cash Accounts and Securities Margin Accounts Cash levels in customers cash and margin accounts surged to the highest level since July 2008. Image: BofA Global Research

S&P Credit Ratings Downgrades The coronavirus crisis sparks record company downgrades. Image: Oxford Economics

Credit Spreads on High-Quality U.S. Corporates Credit spreads on high-quality U.S. corporates are widening and are flashing a warning sign for markets. Image: Gavekal, Macrobond

U.S. Credit Card Delinquency Rates (Debt) This chart suggests that the U.S. banking system is divided in two groups: small banks accept high credit risks, while large banks reject high credit risks. Image: Wolf Street Corp.