The Weekly (five day period ending 4-7-10) Fed Credit Delta/Change is a Modestly Bearish -$602 Million, see http://www.federalreserve.gov/releases/h41/Current/.
The Weekly Fed Credit Delta/Change was a bearish -$7.424 Billion in the five day period ending 3-31-10. So, the two week Fed Credit trend is obviously bearish.
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