The general inflation rebounded to 3.74% in the first week of September and although it is within the official goal, the expectation that Banxico will continue to relax its monetary policy in the remainder of this year is reinforced.
How much are the cetes?
CETS are classified according to the investment period: they are currently available at 28, 91, 182 and 364 days. The choice depends on the investment horizon of each person and each period offers a different performance.
The nominal value of a CETE is 10 pesos, but they are sold with a discount rate, that is, the investor pays less of those 10 pesos and, at the expiration, receives the full value. The difference between the two represents the performance.
If I invest in CETES, what performance can I get?
According to the Bank of Mexico (Banxico) the current performance of the CETES are these:
The cetes at 28 days had a setback of 0.01 points, to be 7.19%.
The instruments 91 days achieved a marginal decrease of 0.03 points, to reach 7.47%.
The 181 -day bonds declined to 7.55%, while the CETES at one year were placed at 7.63%. Despite the descent, this last term is the most attractive because it is superior in more than twice to inflation.
Does it should be invest in Cetes?
The CETES are attractive because although they have had reductions, they represent an alternative to invest if it is taken as a reference to inflation, which is currently 3.74% at annual rate, According to INEGI.
That is, all the current deadlines of the CETS give a performance that exceeds the price index, which makes them a valuable option to protect the money from the loss of purchasing power.
How to estimate my real performance in CETES?
In general terms, a way of estimating what you would get a profit when investing in CETS is to subtract the current inflation rate to the performance offered by these bonds, for example.
The 28 -day CETE offers a current yield of 7.19%, while annual inflation is 3.74% to the first half of September.
By removing inflation in the gain of the CETE, it yields a real performance of 3.45 percentage points, which would be what you are eliminating the price increase.
Thus, the gain is almost double that the general price rise.
