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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
- TIIE swap rates traded choppily in yesterday's session as markets parsed the Banxico minutes and hawkish comments from Bullard and Kaplan wrong-footed markets somewhat ahead of Powell's JH speech today.
- 2Y Swaps ended -6bp, while the 10Y tenor flipped from early strength to weakness – closing +3bp higher on the day.
- W/w the curve trades +2-6bp bear steeper with weakness concentrated in 10 & 30Y tenors.
- Additionally, Mexico's 5Y CDS has rallied in line with other EMs this week, falling -3.8bp, just short of the 90 handle.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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