Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
126 articles
Gli spread HY si allargano a 309 bps in mezzo a un sentiment di rischio misto, mantenendosi vicino alla mediana di 10 anni.
US high-yield spreads rose 6 bps to 309 bps (54th percentile) in a NORMAL regime, signaling cautious risk appetite as the 20-day MA (288 bps) diverges from the 60-day MA (277 bps), testing recent stability.
Le Aspettative Inflazionistiche Rimangono Stabili al Livello Obiettivo
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the
Il bilancio della Fed si riduce a $6.74T, le riserve a un critico $361.9B mentre il QT continua
The Fed's balance sheet stands at $6.74T, down $2.22T (24.8%) from its April 2022 peak, with reserves at $361.9B — a critically low level that risks tightening financial conditions further.
Il tasso ipotecario a 30 anni raggiunge il 7,28%, un massimo di 52 settimane, mettendo sotto pressione gli acquirenti di case.
The 30-year fixed mortgage rate rose to 7.28% this week, up 25 basis points, pushing the monthly payment on a $400,000 loan to $2,737 — $241 more than a year ago.
Le richieste di sussidio di disoccupazione negli Stati Uniti scendono leggermente a 197.000 mentre il mercato del lavoro rimane stabile.
Initial jobless claims edged down by 2,000 to 197,000 in the week ending October 3, marking a 1.0% decline from the previous week and signaling continued stability in the labor market.
Gli spread HY si allargano a 312 bps mentre il sentiment di rischio si raffredda in un regime creditizio normale.
US high-yield spreads rose 2 bps to 312 bps today, extending the week's 10 bps widening in a NORMAL regime, signaling cautious risk appetite as investors weigh economic resilience against elevated Treasury yields.
Le Aspettative di Inflazione Rimangono Stabili al 2.36%, In Linea con gli Obiettivi
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the
Il rendimento a 10 anni si avvicina al massimo delle 52 settimane mentre la curva si inasprisce a 47 bps
The 10-year Treasury yield rose 4 bps to 5.28% on Tuesday, extending its weekly climb to 11 bps as the 2Y-10Y spread widened to 47 bps, signaling persistent growth expectations despite Fed tightening.
Gli spread HY si stringono di 14 punti base a 310 punti base mentre l'appetito per il rischio rimbalza dopo il recente allargamento.
High-yield spreads tightened 14bps to 310bps today, remaining in a NORMAL regime but still widening week-on-week (+17bps), signaling cautious investor optimism amid lingering macroeconomic uncertainty.
Inflazione Stabile: 10Y Breakeven Rimane al 2.36%
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the
La Banca d'Italia pubblica l'analisi sulla valutazione del merito di credito delle grandi imprese
La Banca d'Italia ha pubblicato il nuovo numero della collana "Mercati, infrastrutture, sistemi di pagamento" intitolato "La valutazione del merito di…
Le Aspettative di Inflazione Rimangono Stabili al 2.36%
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the
Il credito bancario cresce di $9.5B nonostante la fuga di depositi; i prestiti commerciali guidano con un +9.8% su base annua
Total bank credit rose to $19.88T (+$9.5B WoW) with a 101.6% credit/deposit ratio, signaling continued lending appetite despite $89.1B deposit outflow, as businesses drive growth with C&I loans surging near double-digits.
Il Rapporto sui Lavori di Agosto Mostra un Guadagno di 162k, Disoccupazione Stabile al 4,1% Mentre la Crescita Salariale Si Raffredda
U.S. employers added 162,000 jobs in August 2026, outpacing the 3-month average of 71k but showing moderation from recent highs, as wage growth slowed to 3.3% YoY and unemployment held at 4.1%.
Il rendimento a 10 anni raggiunge il massimo delle ultime 52 settimane al 5,29% mentre la curva si inasprisce.
The 10-year Treasury yield surged 18 bps this week to 5.29%, a 52-week high, while the 2Y-10Y spread widened 15 bps to +46 bps, signaling persistent inflation concerns and growth expectations.
Gli spread HY si allargano a 312 bps mentre il sentiment avverso al rischio persiste fino a venerdì.
US high-yield spreads rose 4 bps to 312 bps today, now 39 bps wider on the week, as the NORMAL-regime market continues its WIDENING trajectory, signaling growing investor caution toward credit risk amid elevated Treasury yields.
L'inflazione rimane stabile mentre il 10Y Breakeven si mantiene al 2,36%
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the
I tassi ipotecari raggiungono il 7,03%, il più alto in un anno, mettendo sotto pressione gli acquirenti di case.
The 30-year fixed mortgage rate rose to 7.03% this week, up 8 basis points from last week, pushing the monthly payment on a $400,000 loan to $2,669—$178 more than a year ago.
Le richieste di sussidi di disoccupazione negli Stati Uniti rimangono stabili a 197.000, segnalando la resilienza del mercato del lavoro.
Initial jobless claims edged down slightly to 197,000 for the week ending September 26, a drop of 1,000 (0.5%) from the previous week, reflecting continued stability in the labor market.
Gli spread HY si allargano a 308 bps mentre lo stress creditizio aumenta in mezzo all'aumento dei rendimenti
High-yield spreads rose 6 bps to 308 bps today, extending a 40 bps weekly widening in NORMAL regime, signaling growing investor caution as Treasury yields pressure leveraged borrowers.
La Banca d'Italia partecipa alla settima conferenza "International capital flows and financial policies"
La Banca d'Italia ha partecipato alla settima edizione della conferenza "International capital flows and financial policies", svoltasi il 29 settembre…
Il rendimento a 10 anni si avvicina al massimo di 52 settimane mentre la curva si inasprisce ulteriormente.
The 10-year Treasury yield edged down 1 bp to 5.17% Tuesday but remains up 16 bps this week, with the 2Y-10Y spread widening to +32 bps, signaling persistent growth expectations.
BTP e CCTeu collocati nell'asta del 29 settembre 2026
La Banca d'Italia ha comunicato i risultati dell'asta di titoli di Stato svolta il 29 settembre 2026, con il collocamento di BTP a 5 e 10 anni e CCTeu a…
Le Aspettative di Inflazione Stabili al 2,34%, Il Regime di Obiettivo Tiene
The breakeven inflation rate equals the yield gap between a conventional Treasury and a TIPS of the same maturity. If the 10Y nominal yields 4.50% and the 10Y TIPS yields 2.00%, the 10Y breakeven is 2.50% — the level of average CPI at which an investor is indifferent between the