Mexico pounces on Treasury rally to price $2bn 10 year

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Mexico pounces on Treasury rally to price $2bn 10 year

The United Mexican States sprung an end of year surprise raid on the sleepy Latin American debt markets yesterday when it priced a $2bn 10 year bond. The first emerging markets sovereign issue since September took advantage of historically low yields on US Treasuries to print with a coupon of 5.95%.

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