Economics
Macroeconomics, IMF data, global economic trends and sovereign finance
102 articles
Las expectativas de inflación se mantienen estables en 2.28%, un aumento de 2pbs.
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 estrechan a 269pbs mientras el apetito por el riesgo crediticio se mantiene estable.
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.
El rendimiento a 10 años cae al 4.55% mientras la curva se empina ligeramente.
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.
Los spreads de HY se amplían a 273 pb a medida que el apetito por el riesgo se enfría en medio de un régimen de endurecimiento.
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.
Las expectativas de inflación se mantienen estables en 2.25%, un aumento de 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
El balance de la Fed se reduce a $6.74T mientras las reservas alcanzan el nivel crítico de $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.
Las tasas hipotecarias suben al 6.49%, añadiendo $41 a los pagos mensuales de un préstamo de $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.
Las solicitudes de desempleo en EE. UU. caen a 208,000, señalando un mercado laboral estable.
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.
El 10Y Breakeven se mantiene en 2.23% mientras la inflación se mantiene 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
Los spreads de HY se amplían a 272 puntos básicos a medida que el apetito por el riesgo se enfría en medio de un régimen de endurecimiento.
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.
Los spreads de HY se mantienen en 269 puntos básicos mientras los mercados esperan catalizadores en medio de una tendencia de endurecimiento.
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.
El 10Y Breakeven se mantiene en 2.25% mientras la inflación se mantiene 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
El 10Y Breakeven alcanza el 2.24%, la inflación en objetivo, sube 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
Los rendimientos a 10 años suben 12 puntos básicos a 4.56% mientras la curva se empina aún más.
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.
Las tasas hipotecarias bajan al 6.43%, lo que alivia ligeramente la asequibilidad para los compradores de vivienda.
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.
Las solicitudes de desempleo en EE. UU. bajan ligeramente a 215,000 mientras el mercado laboral se mantiene estable.
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.
Los spreads de HY se estrechan a 267pbs a medida que el apetito por el riesgo se extiende hasta julio.
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.
Las Expectativas de Inflación Estables en 2.25%, Objetivo Alcanzado
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 sube al 4.49% mientras la curva se empina ligeramente.
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.
Los spreads de HY se estrechan a 274 bps mientras el apetito por riesgo se mantiene estable.
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.
Las Expectativas de Inflación Se Mantienen Estables en 2.24%, Aumentan 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
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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 crecimiento del empleo en junio se desacelera a +57k, el desempleo baja al 4.2% a medida que el mercado laboral se enfría.
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.
El balance de la Fed se reduce a $6.74T, reservas en un crítico $336.5B a medida que QT drena liquidez.
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.