Peso’s Gain Lures Foreigners to Fixed-Rate Bonds: Mexico Credit

Foreign investors are boosting their holdings of Mexican peso bonds at the fastest pace since October 2009 as a rally in the currency helps keep inflation in check.

Overseas holdings of fixed-rated bonds jumped 8.2 percent in the past month to a record 556 billion pesos ($47 billion), according to data compiled by the central bank. Foreigners own 34.6 percent of the outstanding securities, an all-time high and up from 25.7 percent a year earlier.