The yields paid on federal government bonds fell. The only one that moved upward were the 20-year Udibonos with an increase of 0.25 percent to level at 5.55%, which is the historical maximum for this instrument.
On the other hand, the one that had the greatest downward movement was Cete to 721 days at a rate of 10.08%, which reflects a drop of 0.31 percentage points that is close to its minimum in 2024.
Within short-term bonds, Cetes at 28 days They remain at the lowest levels of the year with a premium of 9.90%, which represents a drop of 0.05 percentage points.
At this Tuesday’s auction, the Certificates from the Federation Treasury (Cetes) at 28 days once again had a downward movement of 5 basis points, leaving the rate at 9.90 percent. 5.5 billion pesos were placed with a demand 3.61 times by investors.
The central institute issued 91-day Cetes with a rate of 9.88%, 12 basis points less than the previous auction and a placed amount of 5.5 billion pesos with a demand 5.65 times.
At Tuesday’s auction, Banxico placed 14,000 million pesos and a demand of 3.84 times in Cetes at 175 days, with a decrease of 21 basis points in its prize, at a rate of 9.99% compared to the previous auction.
Banxico offered Cetes for 721 days at a rate of 10.08%, this is 0.31 percentage points less compared to the previous offer, with a demand of 3.43 times the placed amount of 15,000 million pesos.
The Government issued Development Bonds (Bondes) in Udis for 315 days with an interest rate of 0.09%, 1 basis point less than the previous auction, and a placed amount of 5,500 million pesos and a demand of 2.64 times the placed amount .
He Bank of Mexico placed 2,200 million pesos in Bondes for 1,092 days at a rate of 0.2%, 0.02% less than the level of the previous auction. The demand was 4.55 times the amount placed.
The central bank issued an amount of 500 million pesos in Bondes for 2,296 days at a premium of 0.24%, the same level as the previous auction with a demand of 2.76 times the amount placed.
This Tuesday the central institute issued a 30-year MBono with a decline of 0.12% to place the premium at 10.26%, an amount of 13.2 billion pesos demanded 1.96 times.
In Tuesday’s auction, Banxico placed 7,907 million pesos in Udis in 20-year Udibonos with a premium of 5.55%, 0.25 percentage points above the previous auction, and a demand of 2.46 times the amount placed. This instrument is at historical highs.
According to Gabriela Siller, only the Udibonos rate rose, which implies less demand for this type of instrument, given a lower risk of high inflation in the future.
