Next Monday, April 12 dollar opened operations in Mexico with an average price of 20.09 pesos. A buy is at 19.84 and on sale at 20.33.
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Auctions of US Treasury bonds offering $ 271 billion in new debt and a major inflation report this week could end a recent bond market slowdown, triggering a surge in yields that worried investors in the first quarter.
Government bond yields have fallen since April 1 during a two-week hiatus in issuance, reversing some of the dramatic gains in February and March. That allayed concerns that higher funding costs would hit stocks, especially in growth sectors such as technology, which are heavily weighted in the benchmark S&P 500 index.
On Friday, the peso traded at 20.1502 a dollar in the last trading hour of the day, 0.32% lower than the Reuters reference price on Thursday. Despite this, it achieved a weekly appreciation of 0.71%.
The Mexican peso weakened (on Friday) as the nervousness associated with a likely rise in inflation during the year grew, especially in the United States, ”said Gabriela Siller, director of analysis at Banco Base.
“The higher inflation would be the result of a low basis for comparison with 2020, but also a result of the Economic recovery that has pushed up commodity prices worldwide, ”he added.
Meanwhile, the S & P / BMV IPC Stock Benchmark Index it fell 1.16% to 47,627.67 points. Over the week, it gained 0.81%.
In the debt market10-year rates rose 14 basis points to 6.59%, while 20-year rates rose 5% to 7.37%.
With information from Reuters
DMGS