Category: U.S. Economy

 

Commercial loan delinquencies (late loans and defaults) are less than half of what they were during the last recession; now lower than pre-recession levels of (1.5%).

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Source: St. Louis Fed, FRED, Data series DRBLACBS

1 month T-bill still over twice the rate as a week ago.

 

Date	1 Mo	3 Mo	6 Mo	1 Yr	2 Yr	3 Yr	5 Yr	7 Yr	10 Yr	20 Yr	30 Yr
10/01/13	0.10	0.02	0.04	0.10	0.33	0.66	1.42	2.04	2.66	3.43	3.72
10/02/13	0.08	0.02	0.05	0.11	0.31	0.62	1.38	2.01	2.63	3.41	3.70
10/03/13	0.12	0.03	0.05	0.11	0.33	0.61	1.36	1.99	2.62	3.40	3.71
10/04/13	0.11	0.03	0.04	0.11	0.33	0.66	1.41	2.05	2.66	3.43	3.73
10/07/13	0.13	0.03	0.06	0.12	0.37	0.66	1.41	2.03	2.65	3.41	3.70
10/08/13	0.27	0.05	0.09	0.15	0.40	0.70	1.43	2.05	2.66	3.41	3.70
10/09/13	0.26	0.05	0.08	0.15	0.37	0.68	1.43	2.06	2.68	3.43	3.73

Really short (1 month) term T-bill  rates double  overnight.  Rates increase 14 basis points to 0.27% for a 1 month t-bill.  The increase in yield reflects lower demand (Bond prices and interest rates are inversely related.).  See the article cite below for more details on the Treasury market movements.

 

Read more from Bloomberg:

http://www.bloomberg.com/news/2013-10-08/u-s-short-term-yields-rise-as-investors-seek-default-protection.html

 

Shorter term(<3 years)  U.S. treasury securities up a few basis points from last week.  Longer term securities down a few basis points from last week.

 

Longer term U.S. rates higher than last year:

http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/Historic-Yield-Data-Visualization.aspx#.UlNDI00yWiI.email

Some employers in some  industries such as textiles are finding increasing wages in China, shipping, and other costs are making it cost efficient to manufacture again in the U.S.  Many of the same employers are finding a shortage of workers.

http://www.nytimes.com/2013/09/20/business/us-textile-factories-return.html?pagewanted=all