What are the CETES?
The Certificates of the Treasury of the Federation are debt instruments issued by the Mexican government, that is to say that the investor provides money to the government in exchange for performance.
The nominal value of a CETE is 10 pesos, but they are sold with a discount rate, so less of those 10 pesos is paid and the full value is received at the expiration of the bonus. The difference between the two represents the performance.
The CETS have several investment deadlines: 28, 91, 182, 364 and 707 days. The election of the term depends on the investment purposes of each person.
What is the performance of the CETs today?
Banxico reported on Tuesday that the CETES had a general decline; This remained the yields:
The CETES at 28 days had a reduction of 0.12 percentage points, to be 7.38%.
The instruments 91 days achieved a marginal decrease of 0.11 points, to reach 7.69%.
The 175 -day bonds fell to 7.78%, while the CETES at two years were placed at 8.30%. Despite the descent, this last term is the most attractive because it is superior in more than twice to inflation.
Why are the CETES lowering?
A decrease in price increase, as well as the continuation in the relaxation of the monetary policy of Banxico have subtracted strength from the profits offered by CETs to investors.
The Central Bank maintains its general inflation expectations for the fourth quarter of the year, in 3.7%, while for the underlying, considered a better parameter because it eliminates volatility, it also raised it also to 3.7%.
Both estimates are within the objective of the entity.
The performance rates of the instruments of the Government of Mexico show decreases, as a consequence of 1) expectation that the Bank of Mexico will continue to cut the interest rate and 2) greater demand to take advantage of the fact that the rate is still at high levels.
– Gabriela Siller Pagaza (@gabysillerp)
August 12, 2025
Does it should be invest in Cetes?
Yes, because although they have had reductions, they are an attractive alternative to invest if the reference is taken, which is currently 3.51% at an annual rate, according to INEGI. That is, all the current deadlines of the CETs give a performance that doubles the price index, which makes them a valuable option to protect the money from the loss of purchasing power.
