Arab Today, arab today mexico traders predict price surge will be brief
Last Updated : GMT 22:22:43
Arab Today, arab today
Arab Today, arab today

Mexico traders predict price surge will be brief

Arab Today, arab today

Arab Today, arab today Mexico traders predict price surge will be brief

Mexico city - Arabstoday

Bond traders are betting that the biggest surge in Mexican consumer prices in almost two years will be short-lived. The yield gap between Mexican fixed-rate bonds due 2013 and similar-maturity notes tied to inflation, a gauge of investors\' expectations for annual price increases, has fallen five basis points to 3.48 percentage points since a December 8 government report showed consumer prices soared 1.08 per cent in November. The US break-even rate rose four basis points, or 0.04 percentage points, over that time to 1.35 percentage points. Inflation expectations are falling in part because investors are confident the central bank, known as Banxico, will take measures if needed to contain price increases, said Pedro Tuesta, a Washington-based economist for Latin America at 4Cast Inc. While the November price surge drove annual inflation up to 3.5 per cent, the rate remains within Mexico\'s target range of two per cent to four per cent. Brazil\'s 6.6 per cent rate is above its target range. Seasonal subsidies \"There has not been a change in the view traders have of Banxico,\" Tuesta said in a telephone interview. \"They always believe that the Mexican central bank will be fighting to keep long-term inflation from going anywhere close to four per cent.\" Mexico\'s break-even rate touched a six-month low of 3.46 percentage points on December 9. Yields on fixed-rate peso bonds maturing in December 2013 have climbed 20 basis points since the inflation report release to 4.96 per cent, according to data compiled by Bloomberg. The yields fell 72 basis points in 2011. Yields on similar-maturity inflation-linked bonds rose 26 basis points since the report to 1.48 per cent. The yields dropped 34 basis points last year. The government\'s removal of seasonal electricity subsidies helped fuel the 1.08 per cent consumer price jump in November, the biggest monthly rise since January 2010. Prices rose 0.51 per cent in the first half of Dec-ember, an increase that exceeded the estimates of all 16 economists surveyed by Bloomberg. The inflation pickup prompted investors to scrap wagers that the central bank, led by Governor Agustin Carstens, will cut borrowing costs this year to bolster economic growth, trading in futures contracts shows. A press official at the central bank didn\'t respond to a request for comment.

arabstoday
arabstoday

GMT 13:55 2017 Wednesday ,20 September

Humble bicycle back in vogue in Cuba

GMT 13:19 2017 Wednesday ,20 September

European equities waver before Fed decision

GMT 12:57 2017 Wednesday ,20 September

UK retail sales surge in August, raises interest rate

GMT 11:03 2017 Wednesday ,20 September

US CEOs optimistic on economy, tax reform: survey

GMT 07:12 2017 Wednesday ,20 September

NAFTA talks moving at 'warp speed,' US trade rep

GMT 07:04 2017 Wednesday ,20 September

Brazil’s economy needs your prayers

GMT 17:06 2017 Tuesday ,19 September

EU firms want 'concrete action' from China on access
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexico traders predict price surge will be brief Arab Today, arab today mexico traders predict price surge will be brief

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexico traders predict price surge will be brief Arab Today, arab today mexico traders predict price surge will be brief

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday