Available Credit 2011-12-01 to 2011-12-31

Current: 1.95
Previous: 1.86

The spread between Treasuries and AAA rated bonds climbed for the second month in a row, this time by a much greater percentage. This signals a tightening of credit, as lenders become more risk averse. This month's change can be attributed to both an increase in the AAA yield and a decrease in the Treasury yield; in other words, in December demand increased for Treasuries and decreased for investment grade corporate bonds.