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TIIE Swaps Pare Post-Minutes Gains to Close Marginally Lower

MEXICO
  • TIIE swaps pare yesterday's early session gains following CPI & Banxico minutes to close marginally firmer on the day.
  • Most notable reversal at the back end of the curve, erasing ~12bp to end 0-2bp lower on the day.
  • 10Y back above 6.50 handle, while the 32Y holds around 7.30.

Data:

  • 1200BST: Feb. Industrial Production SA MoM, est. -0.5%, prior 0.2%
  • 1200BST: Feb. Industrial Production NSA YoY, est. -5.2%, prior -4.9%
  • 1200BST: Feb. Manuf. Production NSA YoY, est. -3.5%, prior -3.4%
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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