Economic Data
The following are several economic data charts that may help you better understand and monitor the economic environment.
LIBOR Rates
The London Interbank Offered Rate (LIBOR) is an indicative interbank borrowing and lending rate. It provides a measure of the cost of dollar-based credit.
LIBOR-OIS Spreads
Another indicator of funding market pressure is the difference between LIBOR and Overnight Index Swaps (OIS). The difference between these two rates is an indicator of counterparty credit risk and liquidity pressures, with a lower spread suggesting diminished concerns about credit risk.
30-Year Fixed Average Mortgage Rates
The national average interest rate charged on 30-year fixed rate mortgages is a key indicator of housing market availability for Americans.
Fannie Mae Current Coupon OAS Spread to Treasuries
Another indicator of mortgage affordability is the difference between the interest rate on a mortgage-backed security and the interest rate on a 10-year Treasury note. Generally speaking, a lower spread suggests that mortgages are becoming less expensive relative to other benchmark interest rates.
FDIC Guaranteed Bank Debt Yields
Several financial institutions have issued bonds using the FDIC’s guarantee program, which provides investors insurance on these securities in the event of a default. Rates on these bonds are an indication of banks’ ability to finance new loans; generally speaking, lower rates mean banks have access to cheaper financing.
