Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
102 articles
Los spreads de HY se amplían a 312 puntos básicos a medida que el sentimiento de riesgo se enfría en medio de un régimen crediticio normal.
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.
Las expectativas de inflación se mantienen estables en 2.36%, en línea con el objetivo.
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
El rendimiento a 10 años se acerca al máximo de 52 semanas mientras la curva se empina a 47 puntos básicos.
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.
Los spreads de HY se estrechan 14 puntos básicos a 310 puntos básicos a medida que el apetito por el riesgo se recupera tras la reciente ampliación.
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.
Inflación Estable: 10Y Breakeven Se Mantiene en 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
Las expectativas de inflación se mantienen estables en 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
El crédito bancario se expande en $9.5B a pesar de la fuga de depósitos; los préstamos comerciales lideran con un +9.8% interanual.
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.
El Informe de Empleos de agosto muestra un aumento de 162k, el desempleo se mantiene en 4.1% mientras el crecimiento salarial se enfría.
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%.
El rendimiento a 10 años alcanza un máximo de 52 semanas del 5.29% mientras la curva se empina.
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.
Los diferenciales de HY se amplían a 312 pb a medida que persiste el sentimiento de aversión al riesgo hasta el viernes.
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.
La inflación se mantiene estable mientras el 10Y Breakeven se mantiene en 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
Las tasas hipotecarias alcanzan el 7.03%, el nivel más alto en un año, presionando a los compradores de viviendas.
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.
Las solicitudes de desempleo en EE. UU. se mantienen estables en 197,000, señalando la resiliencia del mercado laboral.
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.
Los diferenciales de HY se amplían a 308 pb a medida que el estrés crediticio aumenta en medio del aumento de los rendimientos.
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.
El rendimiento a 10 años se acerca a su máximo de 52 semanas a medida que la curva se empina aún más.
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.
Las expectativas de inflación se mantienen estables en 2.34%, el régimen objetivo se mantiene.
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
Los spreads de HY se amplían a 293pbs a medida que se intensifica el sentimiento de aversión al riesgo antes de datos clave.
US high-yield spreads rose 13bps to 293bps today, extending the week's widening trend (+25bps) amid normal but tightening conditions, signaling growing investor caution ahead of critical economic releases.
El rendimiento a 10 años se acerca al 5% a medida que la curva se empina; el aumento a 2 años impulsa el impulso semanal.
The 10-year Treasury yield rose 1 bp to 4.96%, flirting with a 52-week high, while the 2-10Y spread widened to +32 bps, signaling persistent growth expectations despite Fed tightening.
El rendimiento a 10 años alcanza un máximo de 52 semanas del 4.83% mientras la curva se mantiene positiva.
The 10-year Treasury yield rose 4 bps this week to 4.83%, marking a 52-week high, while the 2Y-10Y spread held positive at 39 bps, signaling persistent economic expansion expectations.
Las expectativas de inflación se mantienen estables en 2.40%, un aumento de 3.0 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
Las tasas hipotecarias alcanzan el 6.71%, un máximo de 52 semanas, presionando los presupuestos de los compradores de vivienda.
The 30-year fixed mortgage rate rose 5 basis points this week to 6.71%, pushing monthly payments on a $400,000 loan to $2,584 — $100 more than a year ago.
Las solicitudes de desempleo en EE. UU. aumentan ligeramente a 206,000, el mercado laboral se mantiene estable.
Initial jobless claims rose modestly to 206,000 in the week ending August 29, a 1.0% increase from the previous week's revised 204,000, signaling continued stability in the labor market.
Las expectativas de inflación se mantienen estables en 2.37%, objetivo a la vista.
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
El rendimiento a 10 años se suaviza al 4.77% mientras la curva se mantiene positiva; el 2 años supera.
The 10-year Treasury yield dipped 2 bps to 4.77% on Tuesday, trimming its weekly gain to 10 bps, while the 2Y-10Y spread held positive at 41 bps, signaling persistent growth expectations.