Foreigners Can’t Get Enough Bonds in Oil-Law Boon: Mexico Credit

International investors are boosting their holdings of Mexico’s peso-denominated government debt to a record as lawmakers near a vote on rules to end the nation’s seven-decade-old oil monopoly.

Foreigners now hold 2 trillion pesos ($154 billion) of the securities, or 37.5 percent of the total, the most recent data released by the central bank showed. Yields on Mexico’s fixed-rate bonds have fallen 0.7 percentage point this year, more than twice the average for emerging markets, according to Bank of America Corp.