Peso Bonds Posting Longest Slump Since February: Mexico Credit

Mexican peso bonds are posting their worst losing streak in four months as slowing U.S. growth and a deepening debt crisis in Europe prompt investors to shun the Latin American country’s fixed-income assets.

The yield on Mexico’s benchmark notes due in 2024 has jumped 24 basis points over two straight weeks of losses, the longest stretch since Feb. 11, to 7.31 percent. In Colombia, yields on the country’s peso debt due in 2020 sank 24 basis points, or 0.24 percentage point, to 7.81 percent during the same period while those on Brazilian bonds due 2021 slid 10 basis points to 12.34 percent.