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We present a study of the resonant inelastic scattering response of \ybin\excited at the tender Yb $M_5$ X-ray edge. In the high-temperature,paramagnetic phase, we observe a multiplet structure which can be understood atan ionic level. Upon cooling through the valence transition at $T_v\sim$ 40$K$,we observe a strong renormalization of the low-energy spectra, indicating asensitivity to the formation of an intermediate valence phase at lowtemperatures. Similar spectrum renormalization has been observed in the opticalconductivity, which suggests that the low-energy electronic structure possessesboth mixed conduction and localized character.

Kondo lattice excitation observed using resonant inelastic X-ray scattering at the Yb $M_5$ edge