Most of the major credit card trusts showed generally positive performance over the July collection period, according to a report from Barclays Capital.

Aggregate charge-offs dropped and yields rose, resulting in improved 1m and 3m excess spread, analysts said. Meanwhile, they added that the payment rates were higher. It was also notable that delinquencies continued to improve for the third consecutive month, according to Barclays.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.