Trial now

Pullback Considered Corrective


Holding Above Recent Lows


BLOCK, Large 3Y Midcurve Put Condor

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Pressure on the Mexican peso continued this morning with USDMXN near enough matching the June 24 highs above 20.2150, stalling at the 200-day MA that comes in today at 20.2168. A sustained move above here with certainly be a bullish technical development. TIIE swaps curve continues to bull flatten (see below), with 10-yr swap rates falling around 17 basis points from last weeks close.
  • Ahead of the widely anticipated Bi-weekly CPI print tomorrow, Citi published the results of their biweekly analysts' survey in email.
    • Expect next rate move to be a 25bps increase in Aug. 2021
    • 2021 year-end inflation raised to 5.80% from 5.60%
  • *Economy Minister Tatiana Clouthier traveling to Washington to meet with U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo. Trip to last through Friday.