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Peso Extending Gains - USDMXN Approaches 20.00

MEXICO
  • Peso extending gains approaching 20.00 in USDMXN as US Dollar edges lower. The nearest and most notable support comes in at February lows 19.8924. TIIE swap curve bull flatter in line with Peso gains:
  • Mexico TIIE Swaps:
    • 1-yr -4 bps at 4.52%
    • 2-yr -6 bps at 4.89%
    • 5-yr -8 bps at 5.82%
    • 10-yr -8 bps at 6.64%
    • 32-yr -8 bps at 7.42%

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