Thursday, May 10, 2007

Mexico's 10-Year Bonds Decline on Concern About Rising International Rates

(Bloomberg) -- Mexico's 10-year peso-denominated bond fell as expectations of rising interest rates in developed countries dimmed the allure of riskier assets.

Yields on Mexico's 10-year benchmark rose for the first time this week after European Central Bank President Jean-Claude Trichet signaled a rate increase is likely next month and the Bank of England raised borrowing costs by a quarter-percentage point to 5.5 percent, a six-year high.


Read more at Bloomberg Bonds News

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