Cetes at 28 days add two weeks with returns less than 11%

The central bank is expected to maintain its reference rate at 11% in the face of high inflation in which foods such as chayote put upward pressure.

“This week Bank of Mexico will announce its monetary policy decision corresponding to June where we do not rule out that Banxico decides to keep the funding rate unchanged, especially due to the recent volatility of the exchange market,” Intercam highlighted in a report.

What is the performance of the Cetes?

The 28-day Cetes offered a yield of 10.88% and the three-month yield was 11.12%.

At six months, the Cetes offered returns of 11.22% and one year of 11.35%.