Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
115 articles
Il 10Y Breakeven rimane al 2,25% 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
Il breakeven a 10 anni raggiunge il 2,24%, inflazione in linea con l'obiettivo, +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
I rendimenti a 10 anni aumentano di 12 punti base al 4,56% mentre la curva si inclina ulteriormente.
The 10-year Treasury yield climbed 12 basis points this week to settle at 4.56%, extending its 2026 uptrend while the 2Y-10Y spread widened to +38 bps, reinforcing a positive curve signal.
I tassi ipotecari scendono al 6,43%, migliorando leggermente l'accessibilità per gli acquirenti di case.
The 30-year fixed mortgage rate fell 6 basis points this week to 6.43%, offering modest relief to buyers as the $400,000 monthly payment drops to $2,510 from $2,487 a year ago.
Le richieste di sussidio di disoccupazione negli Stati Uniti scendono leggermente a 215.000 mentre il mercato del lavoro rimane stabile.
Initial jobless claims edged down by 2,000 to 215,000 last week, marking a modest 0.9% decline as the labor market continues to show stability.
Gli spread HY si stringono a 267bps mentre l'appetito per il rischio si estende a luglio.
High-yield spreads tightened 5bps to 267bps (5th percentile) in a NORMAL regime, signaling sustained investor comfort with credit risk despite historically tight valuations and potential equity spillover effects.
Le Aspettative di Inflazione Stabili al 2,25%, Obiettivo Raggiunto
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 sale al 4,49% mentre la curva si inclina leggermente.
The 10-year Treasury yield rose 1 bp to 4.49% Tuesday, extending its weekly gain to 9 bps as the 2Y-10Y spread widened to 35 bps, signaling persistent but modest steepening.
Gli spread HY si stringono a 274 bps mentre l'appetito per il rischio rimane stabile
US high-yield spreads edged 1 bp tighter to 274 bps (11th percentile) in a NORMAL regime, with week-on-week compression of 9 bps signaling persistent demand for yield despite elevated Treasury volatility.
Le Aspettative di Inflazione Rimangono Stabili al 2.24%, 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
In
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 crescita dei posti di lavoro di giugno rallenta a +57k, la disoccupazione scende al 4,2% mentre il mercato del lavoro si raffredda.
The U.S. added just 57,000 jobs in June 2026, well below the 3-month average of +111k, as private sector hiring (+49k) and government gains (+8k) signaled a deceleration in labor demand amid tighter monetary conditions.
Il bilancio della Fed si riduce a $6.74T, le riserve a un critico $336.5B mentre il QT drena liquiditÃ
The Fed's balance sheet stands at $6.74T, down $2.23T (24.9%) from its April 2022 peak, with reserves plunging to $336.5B — a critical level signaling tightening financial conditions as QT persists.
Le Aspettative di Inflazione Rimangono Stabili al 2,24%, 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
La crescita del credito bancario rallenta a $7.1B mentre i depositi scendono di $34.2B; i prestiti commerciali guidano con un +8.1% su base annua
Total bank credit edged up $7.1B to $19.63T, decelerating below the 13-week average, while deposits fell $34.2B — pushing the credit/deposit ratio to 101.6%, signaling tighter funding conditions that could constrain future lending amid moderate economic growth.
Gli spread HY si stringono a 280 bps mentre i mercati ignorano l'allargamento recente.
US high-yield spreads edged 3 bps tighter to 280 bps in a NORMAL regime, though still 15 bps wider on the week, signaling cautious optimism amid lingering macro uncertainty.
I rendimenti del Tesoro scendono leggermente mentre la curva si inclina leggermente in attesa della Fed
The 10-year Treasury yield dipped 2 bps to 4.38%, extending its weekly decline to 8 bps, while the 2Y-10Y spread widened slightly to +28 bps, maintaining a positive curve signal.
I Tassi Mortgagi Aumentano — 30 Anni al 6.49%, Aggiungendo $40 ai Pagamenti Mensili Rispetto all'Anno Scorso
The 30-year fixed mortgage rate rose 2 basis points this week to 6.49%, pushing the monthly payment on a $400,000 loan to $2,526 as persistent inflation keeps upward pressure on borrowing costs.
Il rendimento a 10 anni scende al 4,41% mentre la curva si inclina leggermente in mezzo a dati misti.
The 10-year Treasury yield settled at 4.41%, down 2 bps for the week, while the 2Y-10Y spread widened to 31 bps, signaling persistent but modest economic optimism.
Il PIL degli Stati Uniti è cresciuto del 2,1% nel Q1 2026, conferma la terza stima
Il PIL degli Stati Uniti è cresciuto del 2,1% nel Q1 2026, conferma la terza stima L'economia statunitense è cresciuta a un tasso annuo del 2,1 percento nel primo trimestre del 2026, secondo la terza stima rilasciata dal Bureau of Economic Analysis (BEA). Questo segna un miglioramento significativo...
Il Reddito Personale è Aumentato dello 0,7% a Maggio con l'Aumento della Spesa dei Consumatori
Il Reddito Personale è Aumentato dello 0,7% a Maggio con l'Aumento della Spesa dei Consumatori Nel maggio 2026, il reddito personale negli Stati Uniti è aumentato del 0,7 percento, riflettendo un incremento di 181,6 miliardi di dollari, secondo gli ultimi dati del Bureau of Economic Analysis (BEA)....
Le richieste di sussidio di disoccupazione negli Stati Uniti scendono del 5,3% a 215.000, segnalando stabilità nel mercato del lavoro.
Initial jobless claims fell by 12,000 to 215,000 last week, a 5.3% drop from the previous week, as the labor market showed continued resilience amid steady economic conditions.
Il rendimento a 10 anni scende al 4,46% mentre la curva rimane positiva nonostante l'appiattimento.
The 10-year Treasury yield fell 3 bps to 4.46% on Tuesday, easing from recent highs while the 2Y-10Y spread narrowed to +27 bps, maintaining a positive but flattening curve signal.
I rendimenti dei Treasury a 10 anni scendono di 6 punti base questa settimana, la curva rimane positiva
The 10-year Treasury yield settled at 4.490% this week, reflecting a 6.0 bps decline, while the yield curve signals a positive outlook for economic growth.