Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
102 articles
Las tasas hipotecarias suben a 6.66%, aumentando los pagos mensuales.
The 30-year fixed mortgage rate rose slightly to 6.66% this week, up 0.01 percentage points, adding pressure to homebuyers as monthly payments on a $400,000 loan now cost $87 more than a year ago.
El balance de la Fed se reduce a $6.73T, las reservas alcanzan un crítico $356.2B mientras QT drena liquidez.
The Fed's balance sheet stands at $6.73T, down $2.23T (24.9%) from its April 2022 peak, with reserves plunging to $356.2B — nearing levels that could disrupt short-term funding markets as liquidity grows scarce.
Las solicitudes de desempleo en EE. UU. caen a 203,000 mientras el mercado laboral se mantiene estable.
Initial jobless claims fell by 4,000 to 203,000 last week, marking a 1.9% decline and signaling continued stability in the US labor market amid resilient demand for workers.
Las tasas hipotecarias suben a 6.66%, aumentando los pagos mensuales en $87 en comparación con el año pasado.
The 30-year fixed mortgage rate rose slightly to 6.66% this week (+0.10 bps WoW), squeezing affordability as buyers now pay $2,571 monthly on a $400k loan — $87 more than a year ago.
El rendimiento a 10 años salta 6 puntos básicos a 4.73% mientras la curva se mantiene positiva.
The 10-year Treasury yield rose 6bps to 4.73% on Tuesday, extending recent volatility while maintaining a positive curve signal with the 2Y-10Y spread at +41bps.
El crecimiento del crédito bancario se desacelera a $9.3B mientras que los préstamos C&I lideran con una expansión del 8.6% interanual.
Total bank credit rose $9.3B WoW to $19.80T, decelerating below the 13-week average, while deposits grew $35.4B — the 101.4% credit/deposit ratio signals tight liquidity as banks fund loans amid moderate Fed Funds pressure.
Las tasas hipotecarias bajan ligeramente al 6.65%, aliviando los costos para los compradores de vivienda.
The 30-year fixed mortgage rate fell 2 basis points this week to 6.65%, offering modest relief to buyers as the $400,000 monthly payment drops to $2,568 but remains $85 higher than last year.
Los spreads de HY se mantienen en 270pbs mientras los mercados digieren las señales de la Fed en medio de un régimen normal.
High-yield spreads edged 1bp wider to 270bps today, remaining in a NORMAL regime with a widening bias, as investors weigh stable funding conditions against modest refinancing risks for leveraged issuers.
El Breakeven a 10 años se mantiene estable en 2.32% en medio de una inflación en línea con las expectativas.
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 suben a 6.58%, aumentando los pagos mensuales $65 más que el año pasado.
The 30-year fixed mortgage rate rose 3 basis points this week to 6.58%, squeezing affordability as the monthly payment on a $400,000 loan now tops $2,549.
Las solicitudes de desempleo en EE. UU. aumentan a 197,000 pero se mantienen cerca de mínimos históricos.
Initial jobless claims climbed by 9,000 to 197,000 last week, a 4.8% increase from the prior week's 188,000, as the labor market stayed tight despite modest volatility.
Las expectativas de inflación alcanzan el 2.26%, un aumento de 6pbs—En 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
10Y Breakeven en 2.20% – Inflación en Objetivo, Ligera Caída
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 4.69% mientras la curva se mantiene positiva en medio de la vigilancia de la 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.
Las expectativas de inflación se mantienen estables en 2.21% en medio de una caída.
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 279 pb a medida que el apetito por el riesgo se enfría en medio de un régimen de crédito más estricto.
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 en 2.26% – Inflación en Objetivo, Ligeramente Más Fría
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 del Tesoro a 10 años alcanza el 4.67%, máximo de 52 semanas a medida que la curva se empina.
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.
Los diferenciales de HY se estrechan a 268 pb mientras el apetito por el riesgo se mantiene estable.
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.
La inflación se mantiene estable mientras el 10Y Breakeven se mantiene en 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
El balance de la Fed se reduce a $6.74T mientras las reservas alcanzan el nivel crítico de $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.
Las tasas hipotecarias suben al 6.55%, añadiendo $56 a los pagos mensuales de un préstamo de $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.
Las solicitudes de desempleo en EE. UU. caen un 10.5% a 187,000, alcanzando un mínimo de 52 semanas.
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.
Los spreads de HY se mantienen en 269 puntos básicos mientras los mercados de crédito hacen una pausa en medio de la tendencia de endurecimiento.
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.