Bernanke rate prediction opens door for Mexican century
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Emerging Markets

Bernanke rate prediction opens door for Mexican century

Mexico capitalised on investor demand for long dated high-yielding paper on Wednesday by issuing a $1bn tap of its 100 year bond, driven by reverse enquiry. Comments on Tuesday from Federal Reserve chairman Ben Bernanke that rates would stay low until 2013 prompted a flurry of interest in high yielding bonds.

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