Overview

• The 28-day Cete yield fell 0.20 percentage points to 7.65% in Tuesday’s auction.
• Yields on 91-day and 175-day Cetes edged down to 7.97% and 8.07%, respectively.
• The two-year Cete was the only tenor to gain, rising 0.05 points to an 8.65% yield.
• Banco de México’s reference rate remains at 8% with markets pricing in 25-basis-point cuts in coming months despite inflation at 4.32%.
• Through the Cetes Directo platform, Mexicans can invest in government debt from 300 pesos without commission.