The national delinquency rate ticked down 14 basis points to 3.20% in March, holding 27 bps higher than the record low in March 2023
Historically, delinquencies fall an average -10.4% in March;.
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The oil markets are increasingly putting their trust into OPEC+ production cuts to remain in place throughout this year, a feat which combined with an improving macroeconomic outlook could bring $90 per barrel sooner than assumed