Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
115 articles
Le Aspettative di Inflazione Raggiungono il 2,26%, In Aumento di 6bps—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
10Y Breakeven al 2,20% – Inflazione in linea con l'obiettivo, lieve calo
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 scende al 4,69% mentre la curva rimane positiva in attesa della Fed
The 10-year Treasury yield dipped 2bps to 4.69% Tuesday, trimming its 14bps weekly gain while maintaining a positive curve signal with a 34bps 2Y-10Y spread.
Le Aspettative di Inflazione Rimangono Stabili al 2,21% Nonostante il Calo
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
Gli spread HY si allargano a 279 bps mentre l'appetito per il rischio si raffredda in un regime di credito in restringimento.
High-yield spreads rose 2 bps to 279 bps today, extending the week's widening trend (+6 bps) as the market's NORMAL tightening regime persists, signaling cautious investor sentiment toward credit risk.
10Y Breakeven al 2,26% – Inflazione in linea con l'obiettivo, leggermente più fresca
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 del Treasury a 10 anni raggiunge il 4,67%, massimo da 52 settimane mentre la curva si inasprisce.
The 10-year Treasury yield climbed 12 bps this week to 4.67%, its highest level in a year, while the 2s10s spread widened slightly to 34 bps, maintaining a positive curve signal.
Gli spread HY si stringono a 268 bps mentre l'appetito per il rischio rimane stabile.
US high-yield spreads edged 1 bp tighter to 268 bps (6th percentile) in a NORMAL regime, signaling persistent demand for risk assets despite elevated yields, with IG spreads flat at 78 bps as the HY-IG gap holds below historical averages.
L'inflazione rimane stabile mentre il 10Y Breakeven si attesta al 2,28%
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 mentre le riserve raggiungono il livello critico di $354.1B
The Fed's balance sheet stands at $6.74T, down $2.22T (24.8%) from its 2022 peak, with reserves plunging to $354.1B — below the critical $600B threshold — signaling tightening financial system liquidity conditions.
I tassi ipotecari salgono al 6,55%, aggiungendo $56 ai pagamenti mensili su un prestito di $400k
The 30-year fixed mortgage rate rose 6 basis points this week to 6.55%, pushing the monthly payment on a $400,000 loan to $2,541 — $56 higher than a year ago as borrowing costs continue to squeeze buyers.
Le richieste di sussidio di disoccupazione negli Stati Uniti crollano del 10,5% a 187.000, raggiungendo il minimo di 52 settimane.
Initial jobless claims dropped sharply to 187,000 last week, down 22,000 (-10.5%) from the previous week's 209,000, signaling continued tightness in the labor market.
Gli spread HY si mantengono a 269 bps mentre i mercati creditizi si fermano in mezzo a una tendenza al restringimento.
High-yield spreads were unchanged at 269 bps today, remaining in a NORMAL regime with tightening momentum, suggesting stable risk appetite but limited upside for credit investors seeking yield pickup.
Le Aspettative di Inflazione Rimangono Stabili al 2,28%, In Aumento di 2bps
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
Gli spread HY si stringono a 269bps mentre l'appetito per il rischio di credito rimane stabile
High-yield spreads tightened 4bps to 269bps today, remaining in a NORMAL regime with tightening momentum, signaling stable risk appetite but limited upside for bond investors amid historically tight levels.
Il rendimento a 10 anni scende al 4,55% mentre la curva si inclina leggermente.
The 10-year Treasury yield eased 2 bps to 4.55% Tuesday, extending a modest weekly decline while the 2Y-10Y spread widened 3 bps, maintaining a positive curve signal.
Gli spread HY si allargano a 273 bps mentre l'appetito per il rischio si raffredda in un regime di inasprimento.
High-yield spreads edged 2 bps wider to 273 bps (11th percentile) in a NORMAL but TIGHTENING regime, signaling cautious investor sentiment ahead of key earnings and Fed signals later this week.
Le Aspettative di Inflazione Rimangono Stabili al 2.25%, In Aumento di 1.0 bps
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 mentre le riserve raggiungono il livello critico di $348.5B
The Fed's balance sheet stands at $6.74T, down $2.23T (24.9%) from its 2022 peak, with reserves plunging to $348.5B — below the critical $600B threshold — signaling severe liquidity stress in financial markets.
I tassi ipotecari salgono al 6,49%, aggiungendo $41 ai pagamenti mensili su un prestito di $400k
The 30-year fixed mortgage rate rose 6 basis points this week to 6.49%, pushing the monthly payment on a $400,000 loan to $2,526 — $41 higher than a year ago as borrowing costs continue their upward trend.
Le richieste di sussidio di disoccupazione negli Stati Uniti scendono a 208.000, segnalando un mercato del lavoro stabile.
Initial jobless claims fell by 8,000 to 208,000 last week, a 3.7% drop from the previous week, reflecting ongoing stability in the US labor market.
Il Breakeven a 10 anni rimane al 2,23% mentre l'inflazione rimane in linea con l'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
Gli spread HY si allargano a 272 bps mentre l'appetito per il rischio si raffredda in un regime di inasprimento.
High-yield spreads rose 3 bps to 272 bps today, extending the week's 5 bps widening in a NORMAL but tightening regime, signaling cautious investor sentiment ahead of key economic data.
Gli spread HY si mantengono a 269 bps mentre i mercati attendono catalizzatori in un contesto di tendenza al restringimento.
High-yield spreads remained flat at 269 bps today, holding in a NORMAL regime with tightening momentum, suggesting cautious optimism but limited risk appetite ahead of key economic data.