Mexico's Assets Hottest Since Before the Financial Crisis

Mexican assets haven’t been this hot since the collapse of Lehman Brothers Holdings Inc., and traders see no reason for them to lose their luster even with the start of Nafta talks. Risk-adjusted carry-trade returns on the peso are projected to rise to the highest level since September 2008, according to data compiled by Bloomberg. The renegotiation of the trade deal is unlikely to disrupt Mexico’s currency in a negative way as it will probably result in only incremental changes, Goldman Sachs Group Inc. strategists led by Michael Cahill wrote in a note last week.

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