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Emerging MarketsEM LatAm

BofA scratches bearish call on Mexico bonds after fiscal surprise

Mexico, peso, Santander, Mexican, bank, currency, EM, LatAm, 575

Better than expected fiscal data from Mexico has led Bank of America analysts to conclude that the country’s fiscal metrics “could compare favourably to peers for longer” and upgrade their recommendation on the sovereign’s external debt from underweight to market weight.

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