Tuesday, June 19, 2007

Mexican 10-Year Peso Bonds Climb to Two-Week High on Tax Bill Prospects

(Bloomberg) -- Mexico's 10-year peso-denominated
bonds rose, pushing yields to the lowest in two weeks, on
speculation President Felipe Calderon will push his plan to raise
tax collection through congress.

Yields on the 10-year maturity fell for a fourth day and the
peso strengthened as Calderon said he'll unveil his tax overhaul
proposal in the next few days.


Read more at Bloomberg Emerging Markets News

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