Free Trial

TIIE Swaps Softer Ahead of Banxico Minutes, Bear Flatter W/W

MEXICO
  • TIIE swaps softened yesterday amid more tentative global risk sentiment with the breadth of the curve trading higher with a marginal bear flattening bias into the close.
  • 2-5Y tenors rose +6bp on the day, with the 2Y hovering a fraction below 5.90%.
  • Market focus will be on the Banxico minutes for possible clues on the rate trajectory and uncertainties persist with the MPC – reflected by the 3-2 split vote at the prior meeting.
  • W/w the TIIE swaps curve trades bear flatter on the margins with 1 & 2Y tenors +5bp, while 10-30Y tenors are positioned -1.5-2bp lower on week.

  • TIIE Swaps w/w Change


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.