Mexico's Peso, Local Bonds Fall on Concern Inflation May Have Accelerated

(Bloomberg) -- Mexico's 10-year bond fell for a
fourth day, its longest losing streak in two months, on concerns
a central bank inflation report for the first half of the month
may prompt Banco de Mexico to increase lending rates.

The yield on the 10-year maturity rose to its highest since
May 7. Economists expect that today's inflation report for the
first 15 days of May will show annual inflation above the
central bank's 2 percent to 4 percent target range. Policy
makers unexpectedly raised borrowing costs last month to stem
inflation.


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