Chart of the Week: US credit growth

Faster bank credit, money supply growth and rising Treasury yields signal the United States economy is poised to pick up this year even amid the fiscal drag triggered by last month's budget deal, according to MKM Partners.

The chart shows that total credit of commercial banks in the US rose at an annualised 7.5 per cent since the end of September. A Federal Reserve measure of money supply, known as M2, advanced by 12.3 per cent. Treasury 10-year yields reached an eight-month high this month as investors ploughed into higher-risk equities.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1131049/chart-week-us-credit-growth