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UPDATE 1-Mexico 28-day T-bill yield falls to 9.36 pct

UPDATE 1-Mexico 28-day T-bill yield falls to 9.36 pct The yield on Mexico's benchmark 28-day Cetes, or T-bills, shed 6 basis points to 9.36 percent on Tuesday, as investors bet the central bank will push down its key interest rate over the next few months. Longer-term rates also fell at the central bank auction. The decline in short-term interest rates was slightly bigger than market expectations. A Reuters survey of Cetes dealers had forecast the rate on the benchmark one-month paper would edge down 3 basis points to 9.39 percent. Following signs of a strong improvement in inflation, Mexico's central bank pushed interest rates

UPDATE 1-Mexico 28-day T-bill yield edges down to 7.98 pct

UPDATE 1-Mexico 28-day T-bill yield edges down to 7.98 pct The yield on Mexico's benchmark Cetes, or T-bills, edged down for the 23rd straight week on Tuesday amid investor expectations that the central bank will push interest rates lower again this month. The rate on 28-day paper fell four basis points to 7.98 percent while the rates on three-month and six-month paper also fell. An earlier Reuters survey of Cetes dealers had forecast the 28-day Cetes rate would fall two basis points to 8.00 percent while longer-term T-bill yields would fall slightly or hold steady. The yield on the 10-year peso denominated bond

Mexico 1-month T-bill yield rises to 7.02 pct

Mexico 1-month T-bill yield rises to 7.02 pct The yield on Mexicos benchmark 28-day Cetes, or T-bills, edged up 1 basis point to 7.02 percent on Tuesday amid expectations of rising U.S. interest rates. Longer-term Cetes yields ticked up from last week at a central bank auction, along with rates on Mexicos 3-year and 7-year peso from when they were last auctioned on May 16. The yield on the three-month bill rose to 7.36 percent from 7.28 percent last week, while the yield on the six-month yield rose to 7.63 percent from 7.50 percent. The 3-year peso bond rose to a yield of 8.50

UPDATE 1-Mexico 28-day T-bill yield edges down to 9.57 pct

UPDATE 1-Mexico 28-day T-bill yield edges down to 9.57 pct Mexico's benchmark 28-day T-bill yield edged down 1 basis point to 9.57 percent on Tuesday but longer-term rates fell sharply as investors bet the central bank will wait until next month before easing monetary policy. The yield on 91-day T-bills, or Cetes, fell 13 basis points to 9.56 percent and 175-day paper was down 11 basis points to 9.46 percent. The majority of analysts polled by Reuters on Tuesday predicted the central bank will not relax monetary policy this week, despite recent weak economic growth data. Mexico's finance ministry lowered its forecast for 2005

Mexico 28-day T-bill yield tumbles to 8.14 percent

Mexico 28-day T-bill yield tumbles to 8.14 percent The yield on Mexico's benchmark 28-day Cetes, or T-bills, tumbled 28 basis points to 8.14 percent on Tuesday as markets reacted to a sharp central bank interest rate cut last week aimed at boosting growth. Longer-term rates also fell at the central bank auction. The yield on 91-day Cetes dropped to 8.12 percent from 8.38 at last week's auction, while the 175-day yield fell to 8.13 percent from 8.34 percent. Further along the yield curve, the 5-year peso-denominated bond fell to 7.88 percent from 8.36 percent when it was last auctioned on Nov. 15. The market

Mexico 28-day T-bill yield down to 8.42 pct

Mexico 28-day T-bill yield down to 8.42 pct The yield on Mexico's benchmark 28-day Cetes, or T-bills, shed 8 basis points to 8.42 percent on Tuesday on expectations the central bank will push interest rates lower this week. Longer-term rates also fell at the central bank auction. The fall in interest rates was slightly smaller than market expectations. A Reuters survey of Cetes dealers had forecast the rate on the benchmark one-month paper would drop 10 basis points to 8.40 percent. The yield on the 10-year peso denominated bond fell to 8.45 percent from 8.73 percent when it was last auctioned on Nov.

UPDATE 1-Mexico 28-day T-bills edge lower to 9.60 pct

UPDATE 1-Mexico 28-day T-bills edge lower to 9.60 pct The yield on Mexico's benchmark 28-day Cetes, or T-bills, edged one basis point lower to 9.60 percent on Tuesday as investors expect the central bank to hold monetary policy steady at a policy meeting this week. Longer-term rates moved lower, reflecting growing expectations that interest rates could come down in coming weeks. T-bill rates have drifted slightly lower in recent weeks as the inflation fears eased and the central bank set an informal reference rate in the secondary market. Mexico's central bank is due to hold its twice-monthly monetary policy review on Friday and most

Mexico T-bill yields seen flat at weekly auction

Mexico T-bill yields seen flat at weekly auction The yield on Mexicos benchmark one-month T-bills, or Cetes, was expected to remain flat on Tuesday as investors expect the central bank to hold interest rates steady at a meeting this week. Yields on three- and six-month Cetes were also expected to be nearly unchanged while the 5-year bond yield was expected to decline at the central banks weekly auction, according to a Reuters poll. Mexicos central bank is seen keeping rates untouched when it meets on Friday, although some analysts believe it will resume cutting rates later in the year. More : today.reuters.com

UPDATE 1-Mexico July industrial output unexpectedly falls

UPDATE 1-Mexico July industrial output unexpectedly falls Mexican industrial output fell an unexpected 1.1 percent in July compared to a year ago, the first decline in four months, as manufacturing output was even weaker than forecasts, the government said on Monday. Key manufacturing output dropped 2.1 percent in July from a year earlier, according to the finance ministry, with weakness evident in the auto industry from declining car and truck demand in the United States. Analysts in a Reuters poll had expected a median year-on-year increase of about 2.6 percent in July industrial production. Industrial activity in July rose 0.22 percent from June. The

Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks

Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks Brazil's main equity index fell for the first time this week, led by state-controlled oil company Petroleo Brasileiro SA, on concern further revelations from a probe into alleged vote-buying may weaken the government. The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange fell 555.25, or 2.1 percent, to 25,364.70 at 1:22 p.m. New York time. The Bovespa gained 3.9 percent for the week, boosted by a poll Tuesday that showed President Luiz Inacio Lula da Silva's approval rating rose in June, easing concern he would lose support over