Mexico Travel Guide and Destinations

Related Mexico Travel Information

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

UPDATE 2-Mexico central bank pushes interest rates lower

UPDATE 2-Mexico central bank pushes interest rates lower Mexico's central bank on Friday pushed interest rates 25 basis points lower for the second straight month to revive a tepid economy. The bank said it would allow the overnight lending rate, which has held at around 9.50 percent for the last month, to fall a quarter of a percentage point. The move was widely expected as inflation has come under control in recent months. After a long period of tightening monetary policy to bring inflation down, the central bank changed tack last month and began pushing rates lower to help the struggling economy. "The

Mexico, U.S. Break Up Counterfeit Ring

Mexico, U.S. Break Up Counterfeit Ring Mexico and the United States broke up a counterfeiting ring that printed an estimated $5 million in fake $100 bills in Mexico and sold them across the border, officials said Wednesday. The ring, based in the western state of Jalisco, operated more than four years, selling fake $100 bills in Santa Ana, Calif., San Diego, Calif, and Phoenix, Ariz., said Jose Luis Marmolejo, of the attorney general's organized crime division. The bills, produced with offset printing equipment, were "one of the best falsifications we've seen," Marmolejo said. Authorities arrested six people, including a man they

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 4-Mexico pushes rates lower in historic move

UPDATE 4-Mexico pushes rates lower in historic move Mexico's central bank pushed interest rates lower on Friday for the first time in over three years to give the soft economy a boost, now that inflation is under control. It was the first time the bank has explicitly told markets where it wants interest rates to go, and analysts said it was a major step toward a U.S.-style reference rate system. "Considering the balance of risks versus inflation, the central bank has decided to allow a relaxation of domestic monetary conditions of no more than 25 basis points," the central bank said in

UPDATE 2-Mexico central bank holds interest rates steady

UPDATE 2-Mexico central bank holds interest rates steady Mexico's central bank held interest rates steady on Friday, although it is widely expected to push them lower later this month to help a struggling economy. With manufacturing output weak, the central bank began pushing rates lower in August and markets expect further cuts ahead, but analysts differ over whether policy-makers will pause in the easing cycle as the race for July 2006 elections heats up. The bank said in its twice-monthly policy review on Friday it was keeping its money market "short" steady at 79 million pesos a day and made no change

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

UPDATE 1-Mexico Congress OKs $184 bln balanced 2006 budget

UPDATE 1-Mexico Congress OKs $184 bln balanced 2006 budget Mexico's Congress on Tuesday approved a $184 billion balanced budget, the first spending plan in a decade with no deficit, but lawmakers rejected President Vicente Fox's more ambitious proposal to end his last year in office with a budget surplus. The lower house of deputies passed the budget, adding about $8 billion in additional funds to Fox's original proposals for education, infrastructure and reconstruction after Hurricanes Stan and Wilma devastated parts of southern Mexico and its Caribbean coast resorts. Fox initially proposed a budget surplus of 0.2 percent of gross domestic product in 2006,

UPDATE 1-Mexico 28-day T-bill yield falls to 7.92 pct

UPDATE 1-Mexico 28-day T-bill yield falls to 7.92 pct The yield on Mexico's benchmark 28-day Cetes, or T-bills, dropped six basis points to 7.92 percent on Tuesday as investors saw the central bank cutting interest rates further despite an uptick in inflation. The rate on 90-day Cetes fell 12 basis points to 7.84 percent while the yield on six-month paper dropped 11 basis points to 7.77 percent. An earlier Reuters survey of Cetes dealers had predicted the 28-day Cetes rate would fall eight basis points to 7.90 percent and that longer-term T-bill yields would also fall. The yield on the 5-year peso-denominated bond