11.   A rising default rate is bad for bond prices, of course, so holders of junk bonds suffer, just as they do when spreads over Treasuries widen.

12.   A rising default rate among speculative-grade corporate issuers certainly does not help.

13.   After critics in Congress routinely slammed the SBA for high default rates, it began trimming its annual default losses several years ago.

14.   Already, without a recession, default rates are high and rising.

15.   But banks may be more tempted to take the risk now because loan delinquency and default rates are at industry lows.

16.   But default rates are generally much higher too, and if lenders miscalculate, they can quickly find themselves as financially vulnerable as their customers.

17.   But the default rate is growing, residual values of their leases are down.

18.   But other factors are also at work, he noted, including an unusually low default rate for the bonds.

19.   Childs said no data had been compiled on regional default rates in Latin America.

20.   Clinton cited higher math and reading scores, and the lowest default rate on student loans ever.