SLOOS: Banks Willing to Make C&I Loans (Large) in 2012
SLOOS: Banks Willing to Make C&I Loans (Large) opened 2012 at 11.50% and closed at 12.70%, a +10.43% move for the year. The high of 23.60% was reached on April 1, and the low of 11.50% on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 11.50% | 11.50% | 11.50% | 11.50% | +0.00% |
| Apr | 23.60% | 23.60% | 23.60% | 23.60% | +0.00% |
| Jul | 21.70% | 21.70% | 21.70% | 21.70% | +0.00% |
| Oct | 12.70% | 12.70% | 12.70% | 12.70% | +0.00% |
Events During 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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