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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MEXICO
- Despite the positive surprise in inflation in recent months (with CPI inflation rising by 2.5ppt since January), it seems that participants rushed to buy more Mexican LT bonds when the 10y yield reached 7% in the middle of May.
- The 10y Yield broke below its 50D SMA (6.75%) yesterday and is currently testing the 6.70% level, erasing all the upside move seen earlier this month.
- Next supports to watch on the downside stand at 6.60%, followed by 6.40%.On the topside, key resistance remains at 7%.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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