Mexican debt attracts investors
Mexico City.- Before uncertainty in Europe, slow growth in the USA and deceleration of several emerging economies, the Mexican debt has become an attractive refuge for investors, above counties such as Brazil.
Mexican financial products, including Cetes (Mexican Treasury Bonds), are nowadays very popular among investors, since their price and yield, as well as sound foundations of the Mexican economy, have put them among the most competitive securities in Latin America.
“Mexico and its bonds stand out especially because there is low country risk, good growth compared to other countries and attractive yield, even above countries such as Brazil”, Bruno Robai, Analyst with Barclays, affirmed.
Robai added that inflation is lower in Mexico than in Brazil and economic growth is sounder, two elements that call investors attention.
Source: El Norte | Date: 31/07/2012