Wednesday, May 9, 2007

Mexico's 10-Year Bonds Rise for Third Day Ahead of Consumer Price Report

(Bloomberg) -- Mexico's 10-year bonds rose for a third day, the longest winning streak since March, on expectations a central bank report will show consumer prices fell last month.

Yields on all of the government's bonds declined on optimism today's report will allow Mexico's central bank to avoid having to raise interest rates again this year. Banco de Mexico boosted its target lending rate in April, its first increase in almost two years, to keep inflation in check.


Read more at Bloomberg Emerging Markets News

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