Financial Times – Investors have been flocking to Mexican government bonds, pushing yields on some of the country’s long-term debt to the lowest since 2013 as US Treasury yields fall and the country’s economic prospects brighten on the back of a US recovery.
Financial Times – Is there no end to the historic firsts Mexico is racking up in debt markets? Just a couple of days after selling sovereign bonds at its lowest ever rates, Pemex has just sold $6 billion in international bonds.
Reuters – Prolonged weakness of Mexico’s peso could have an impact on inflation but lower fuel prices, cheaper phone bills and favorable tax effects will likely help reduce annual inflation in the short-term, a top Central Bank official said.
Reuters) – Mexico’s sale of a new 30-year benchmark dollar bond and top-up of its 2025 ten-year dollar bond means the country has already covered half of its planned foreign currency debt issuance for 2015, the finance ministry said on Monday.
Bloomberg – Mexico is planning to offer dollar bonds to fund a buyback of its outstanding notes with maturities ranging from 2016 to 2040 after last year’s record sales.
Informador – After a negative start of the year, in which the Mexican Stock Exchange (BMV) fell almost 5.0 percent, the market rebounded Tuesday with a gain of 0.56 percent.
Bloomberg – Companies listed on Mexico’s benchmark IPC index squirreled away the most cash in at least a decade last year as economic stagnation and oil’s decline leave executives wondering when growth will finally accelerate.
Sentido Comun – Corporación Inmobiliaria Vesta, which builds, manages and leases warehouses and distribution centers, plans to seek $230 million from the sale of shares in Mexico and abroad to finance the development of more industrial buildings.
Sentido Comun – Mexico’s international reserves last week reached a new record of $193.08 billion after rising by $43 million compared to the previous week.
Bloomberg – The diverging global economy means the U.S. dollar will drag Mexico’s peso and Russia’s ruble along with it to the biggest gains among major currencies this year.
CNNExpansión – The Mexican peso lost 11.24 percent against the dollar in 2014, a year in which it was shaken by the fall in oil prices and uncertainty about a possible Federal Reserve rate hike.
Bloomberg – Holders of Mexico’s 100-year bonds, the world’s longest-maturity government debt, are one of the biggest beneficiaries of Janet Yellen’s patience. The nation’s $2.7 billion of dollar-denominated notes due in 2110 have gained 6.6 percent since Dec. 17. That’s pushed returns this year to 22 percent, the most among Mexican dollar debt and more than double the 9.3 percent average for emerging markets.
Notimex – The Mexican Stock Exchange (BMV) ended yesterday, Monday, with a gain of 0.43 percent, supported by broadcasters such as Grupo Mexico, in a mixed day for global stock markets.
Telesur – U.S. rating agency Standard and Poors said on Wednesday that corruption and violence in Mexico are major challenges that could affect the country’s economic panorama.