Mexico Sells 7 Billion Pesos of 28-Day Cetes at Auction Today

Mexico sold all 7 billion pesos of 28-day Cetes and 8 billion pesos of the 91-day securities it offered today, the central bank said on its website.

Mexico also sold all 8.5 billion pesos in 175-day bills it auctioned, the bank said.

The yield at auction on the one-month notes fell eight basis points, or 0.08 percentage point, to 4.27 percent, from the previous auction on Feb. 21, the bank said.

The nation’s Finance Ministry seeks to sell this quarter an average of 7 billion pesos of one-month notes weekly and an average of 8 billion pesos of those maturing in three months each week, the ministry announced in a statement on Dec. 15. Mexico will sell at least 3.5 billion pesos weekly of the 28-day Cetes and at least 4 billion pesos each week of 91-day bills during this quarter, it said.

To contact the reporter on this story: Ben Bain in New York at bbain2@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net

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