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November 5, 2024
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Cetes drop to 10.10%, is the end of double-digit returns approaching?

Cetes drop to 10.10%, is the end of double-digit returns approaching?

On Thursday, November 7, the National Institute of Statistics and Geography (Inegi) will release the inflation data, and on Thursday, the 14th of the same month, Banxico will make the monetary policy announcement.

Specialists expect that the Mexican central bank will make two more cuts to the interest rate and that it will close the year at levels of 10%.

By following the behavior of the reference rate, the Cetes could be experiencing double-digit returns in recent months.

What is the performance of the Cetes?

The yields of the 28-day Cetes had a reduction this week to 10.10% from the 10.20% they had last week.

Three months later, the Cetes obtained gains of 10.48% from 10.53% last week.

Six-month yields were 10.53% and two-year yields were 10.77%, the highest this week.



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