US DATA: ABA Q2 consumer delinquencies continued to decline with bank
card delinquencies -15bp to 2.93 percent of all accounts and well
below the 15-year average of 3.91 percent. The composite ratio, which
tracks delinquencies in eight closed-end installment loan categories,
fell 11 basis points to 2.24%. Data are recapped on MNI Main wire at
7;16am ET.