Credit Volume Declines, Remains Above Weekly Average 

Weekly credit volume of 432,145 was down 170K from last week but remains 15 percent above the 2020 average if 376,827. Weekly credit volume fell 28 percent from last week but was 162 percent over last year’s volume for the same weekly period.  The average price paid per credit declined $6.45 to $196.07. There were 42 transactions, 35 percent were type 1 transfers of 149,325 credits and 65 percent were type 2 transfers of 282,820 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a clearer indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $193.29, which was $2.78 below the average for all trades. Third quarter volume is 23 percent below second…