Available Credit 2012-07-01 to 2012-07-31

Summary:
After three months of backslide, the credit spread--or the spread between Treasuries and AAA-rated corporate bonds--advanced in July, dropping 0.15 percentage points from one month prior. This advancement signalizes an easing of credit from lenders, as their appetite for risk is back on the table. Although the yield on ten-year Treasuries did drop by 0.09 percentage points in July, it was outpaced by the month-over-month decline in AAA-rated bond yields, which slid 0.24 percentage points in the same amount of time.