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Mexico Central Bank Sells 85.6 Billion Pesos of Cetes

Mexico’s central bank sold 85.6 billion pesos ($6.3 billion) of treasury bills known as Cetes today at auction.

The central bank sold 35.6 billion pesos of bills due in 91 days and 50 billion pesos of debt maturing in 357 days, according to a statement on its website. The sales are part of the bank’s effort to manage the amount of cash in the financial system and keep inflation in check.

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