Friday, May 18, 2007

Mexican Peso Bonds Due in Five Years or More Advance Ahead of CPI Report

(Bloomberg) -- Mexico's peso bonds due in five years
or more rose for a second day before a central bank report next
week that economists expect will show inflation is slowing.

The yield on the government's bond due in December 2024
fell to a one-week low. The inflation report for the first
fifteen days of May comes after policy makers unexpectedly
raised borrowing costs last month. Central bankers said the
quarter-point rate increase was aimed at heading off inflation.


Read more at Bloomberg Bonds News

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