Weekly Report – March 1, 2023


Highlight of the Week

Car Debt is Piling Up as More Americans Owe Thousands More Than Vehicles Are Worth

  • Average negative equity on trade-in vehicles is approaching pre-pandemic levels of $5,500
  • Many consumers are purchasing cars at prices much higher than the actual value of the vehicle and rolling their debt from one car to another
  • 2 out of 13 people have car payments of $1000 or more
  • In January severely delinquent loans hit their highest rate since 2006
  • As a result, many auto lenders are tightening their credit standards

Rate Curves


Rapid Report:

Abelian Brand Mark

10Y and 2Y Treasury Yields: Largest Spread Since 1981

  • The 10Y-2Y spread is now at -90.4, a level that has not been seen in over 40 years.
  • The inversion is a key economic indicator tied closely to recessions and the significant drop in yields on 10Y treasuries represents a continued bearish outlook on the US economy by investors.
10Y 2Y Spread
Category: Market Updates
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Weekly Report – March 8, 2023

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