Bloomberg the Company & Products

Bloomberg Anywhere Login


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

Mexican Peso Bonds Drop for Fourth Day on U.S. Stimulus Outlook

Don't Miss Out —
Follow us on:

June 4 (Bloomberg) -- Mexican peso bonds declined for a fourth straight day as U.S. service industry growth added to speculation that the Federal Reserve will keep curtailing monetary stimulus.

The securities maturing in 2024 slipped 0.22 centavo to 131.15 centavos per peso at 4 p.m. in Mexico City, according to data compiled by Bloomberg. The yield increased two basis point, or 0.02 percentage point, to 6 percent. The peso advanced 0.1 percent to 12.9218 per U.S. dollar, the biggest gainer among major Latin American currencies.

Government bonds fell along with Treasuries after the Institute for Supply Management reported that U.S. service providers expanded in May at the fastest pace in nine months. The Fed has reduced monthly debt purchases that have supported demand for emerging-market assets by $10 billion at each of its past four meetings.

U.S. 10-year Treasuries held at 2.6 percent today, the highest level on a closing basis since May 12.

“The market is very dependent on all the economic data,” Mario Copca, a currency and fixed-income strategist in Mexico City at Metanalisis SA, said in a telephone interview.

To contact the reporter on this story: Ben Bain in Mexico City at

To contact the editors responsible for this story: Brendan Walsh at Dennis Fitzgerald, Bradley Keoun

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.