Mexico proves 20 year worth to continue proactive LM strategy

By Oliver West
08 Apr 2021

Mexico cleaned up a chunk of short-term debt maturities on Tuesday with a $3.26bn 2041 bond. The country’s deputy finance minister told GlobalCapital that the sovereign had decided to act fast to issue amid expectations that US Treasury yields will widen further.

Once again, Mexico was the first Latin American borrower out the blocks in January, raising $3bn of 50 year paper before heading to the euro market a week later. But the sovereign traditionally waits until the second half of the year before making its second dollar ...

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