TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Local Rates, Equities Under Pressure Amidst Potential Sheinbaum Supermajority

MEXICO
  • Mexican assets remain under pressure in the wake of the weekend’s election, which has raised the prospect of Morena securing a supermajority in both the Chamber of Deputies and the Senate, potentially opening the door to a constitutional reform. Yields have risen across the TIIE curve and are trading c18bp higher at the long end. Equities are also trading in the red, with the benchmark index over 1.5% lower on the day.
  • Official election results are due later this week, but preliminary results suggest that Morena and its allies could obtain enough seats in the Chamber of Deputies to secure a qualified majority and would be close to the 85 seats required of doing the same in the Senate. Analysts highlight the risk of potential judicial reform, noting that Morena is likely to appoint four members to the Supreme Court, which could prevent the court from ruling future reforms unconstitutional.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.