Thursday, May 3, 2007

Calderon Spurs Mexico Bonds as Pork Chop Lunch Wins Support From Rival PRI

(Bloomberg) -- Mexican President Felipe Calderon's success in gaining opposition support to overhaul pensions and his plan for the biggest tax reform in almost three decades have sparked a bond rally that may push yields to record lows.

Calderon, a Harvard University-trained economist, has broken the political logjam that stymied predecessor Vicente Fox by courting opposition lawmakers with telephone calls, meetings and even a pork-chop lunch at the presidential palace. Fox never reached out to members of the rival Institutional Revolutionary Party, said PRI Deputy Adolfo Mota.


Read more at Bloomberg Bonds News

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