DOM · High Yield
Dominican Republic
Last EMBI
159 bp
2026-09-02
TFT +3d
156 bp
origin 2026-09-02 → +3d 2026-09-07 · band 151–161 bp
DAG valuation
Fair
Dominican Republic EMBI is fairly priced at 159 bp (fair 161 bp).
TFT forecast
Segment model: High Yield. Point is the +3 business-day median level. Drivers are encoder+decoder variable selection — not news clusters.
Forecast Drivers
Temporal attention (encoder −30d → −1d)
| Type | Attention | Summary |
|---|---|---|
| Technicals | 47.6% | own-spread momentum (tightening) · level path / mean-reversion setup |
| Global Macro | 39.8% | FOMC calendar · global EMBI tighter |
| Local Macro | 4.3% | local CB calendar · FX depreciation pressure |
| Sentiment | 8.3% | news volume · global sentiment |
Attention = country-latest encoder+decoder variable selection (rolled up). Summary = top TFT features for that group + recent panel moves. Themes/clusters are separate (do not feed the TFT).
News themes
Rolling BERTopic clusters for desk context. They do not feed the TFT.
Open full local news reportGlobal fulltextValuation DAG
fair
Dominican Republic EMBI is fairly priced at 159 bp (fair 161 bp).
- The S&P 500 rose, which put downward pressure on the local policy–Fed funds gap, which typically tightens the EMBI spread.
- US high-yield spreads tightened, which put downward pressure on the local policy–Fed funds gap, which typically tightens the EMBI spread.
- USD broad decreased, which put downward pressure on the local exchange rate, which typically widens the EMBI spread.
| Current EMBI | 159 bp |
|---|---|
| Macro fair value | 161 bp |
| Gap (current − fair) | -2 bp (-0.1σ) |
4 monthly print(s) may not yet have been tradable at the last EMBI date.