At press time last week, Moody's Investors Service reported its October credit card pool statistics, with trust excess spread reaching an all-time high of 7.69%, according to the rating agency.

Charge-offs came in at 6.37% compared to 5.39% during the same month last year, while delinquencies were at 5.3%, compared to 4.83% last October. This marks the ninth consecutive month that charge-offs have risen year-over-year, and the eleventh consecutive month that delinquencies have risen.

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