Economic Trends
Filling you in on the current state of the economy.
Featured Article
- Consumer Credit Markets
-
- Signs so far suggest that Fed programs designed to revive consumer credit markets are having a positive impact. The market for consumer asset-backed securities (ABS), which effectively shut down in September 2008, has returned to pre-crisis levels after the Fed lent $25 billion to investors against their ABS portfolios. With the Fed’s purchase of mortgage-backed securities (MBS) and Treasury bonds, Treasury yields as well as the spread between Fannie Mae MBS and Treasury securities have declined in recent months. Read more