Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mexico Bonds Sink on Portugal, Consumer Confidence; Peso Gains

Mexico’s local bonds fell, pushing yields up by the most in almost two weeks, as doubts about the stability of Portugal’s government and weaker consumer confidence domestically pared demand for the debt.

Yields on peso-denominated debt due in December 2024 rose 11 basis points, or 0.11 percentage point, to 5.82 percent at 4 p.m. in Mexico City, according to data compiled by Bloomberg. It was the biggest one-day increase since June 20. The peso appreciated 0.8 percent to 12.9525 per dollar.

Mexico’s benchmark debt slumped as the resignation of two government ministers in Portugal prompted speculation that Europe’s sovereign debt crisis is again worsening. The Latin American country’s national statistics agency reported today that consumer confidence in June fell to the lowest level since December 2011.

“The market is just being cautious given the news out of Europe earlier today and the holiday in the U.S. tomorrow,” Vivienne Taberer, a money manager at Investec Asset Management, said in an e-mailed response to questions. “The weaker Mexican consumer confidence number is also contributing.”

Markets in the U.S., Mexico’s biggest trading partner, will be closed tomorrow for that country’s Independence Day celebration.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.