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Factoid of the Day
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Tuesday, April 15, 2014
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The S&P/Experian Consumer Credit Default Composite Index stood at 1.20% in March 2014, down from 1.30% in February 2014 and down from 1.50% in March 2013, according to the S&P Dow Jones Indices. The 1.20% default rate is the lowest reading since July 2006. The 10-year low for the index was 1.03% in May 2006. The high for that period was 5.51% in May 2009. Default rates fell across the board for the second month in a row. The default rate on first mortgages stood at 1.13% in March, down from 1.23% in February and down from 1.41% in March 2013. Second mortgage defaults were also down. The bank card default rate stood at 2.73% in March, down from 2.83% in February and down from 3.51% in March 2013. The auto loan component stood at 0.99% in March, down from 1.03% in February and down from 1.11% in March 2013.
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Cloud Computing, 10 |
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Equity Income, 42 |
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Richard Bernstein TS Merger & Acquisition, 2014-2 |
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Dividend & Income Select Closed-End, 41 |
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