(Bloomberg) -- Mexico's 10-year bond rose, pushing
yields to a one-month low, and the currency strengthened as
expectations of slower inflation boosted the attractiveness of
peso-denominated assets.
Yields on the bond due in December 2016 have declined 25
basis points, or 0.25 percentage point, in the past four trading
days following a report that showed a bigger-than-expected drop
in consumer prices in the first half of May. Expectations
President Felipe Calderon will send to Congress a plan to re-
write the country's tax code in the coming days also aided
Mexican assets.
Read more at Bloomberg Currencies News
yields to a one-month low, and the currency strengthened as
expectations of slower inflation boosted the attractiveness of
peso-denominated assets.
Yields on the bond due in December 2016 have declined 25
basis points, or 0.25 percentage point, in the past four trading
days following a report that showed a bigger-than-expected drop
in consumer prices in the first half of May. Expectations
President Felipe Calderon will send to Congress a plan to re-
write the country's tax code in the coming days also aided
Mexican assets.
Read more at Bloomberg Currencies News
No comments:
Post a Comment