US DATA: At 4am ET, US ABA released its Q2 delinqs report. Said
“Consumer loan delinquencies generally improved in the second quarter of
2010, as bank card, home equity loans, and auto loans all showed
improvement according to the American Bankers Association’s Consumer
Credit Delinquency Bulletin. The results were not as broadbased as the
previous two quarters and, as a result, the composite ratio, which
tracks delinquencies in eight closed-end installment loan categories,
was virtually flat, rising just 2 basis points from the first quarter to
3.00 percent of all accounts in the second quarter. Bank card
delinquencies fell 26 basis points to 3.62 percent of all accounts which
remains well below the 15-year average (3.93 percent). This is the
lowest that bank card delinquencies have fallen since Q1:01.”