Friday, August 3, 2007

Mexican Bonds, Peso Drop After U.S. Jobs Growth Slows, Missing Forecast

(Bloomberg) -- Mexican peso-denominated bonds fell
on renewed concerns that weakness in the U.S. housing sector
will spread to the broader economy and crimp demand for Mexico's
exports.

Yields on the government's 30-year bond, its longest peso-
denominated maturity, touched a one-week high after a U.S.
government report said employers added fewer jobs than
economists expected last month. The U.S. buys 80 percent of
Mexican exports.


Read more at Bloomberg Currencies News

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