(Bloomberg) -- Mexico's peso and local-currency
bonds rose, reversing earlier declines, after gains in U.S.
stocks showed investor demand for riskier assets is recovering.
Mexico's 20-year bond rose for the first time in six days
after a rally in oil raised the earnings prospects for energy
companies in the U.S. The Dow Jones Industrial Average and the
Standard & Poor's 500 stock indexes rose. Oil, Mexico's biggest
export and a source of almost 40 percent of government revenue,
increased 1.8 percent to $68.96 a barrel.
Read more at Bloomberg Currencies News
bonds rose, reversing earlier declines, after gains in U.S.
stocks showed investor demand for riskier assets is recovering.
Mexico's 20-year bond rose for the first time in six days
after a rally in oil raised the earnings prospects for energy
companies in the U.S. The Dow Jones Industrial Average and the
Standard & Poor's 500 stock indexes rose. Oil, Mexico's biggest
export and a source of almost 40 percent of government revenue,
increased 1.8 percent to $68.96 a barrel.
Read more at Bloomberg Currencies News
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