Investors have been flocking to Mexican government bonds, as a worsening economic outlook pushed yields on the country’s long-term debt to the lowest since 2015. Rating agency Moody’s recently warned the government’s 2021 budget “was not sustainable”, suggesting the road to recovery will be more painful for one of the countries worst hit by the coronavirus pandemic.
Historically, the Mexico Government Bond 10Y reached an all time high of 12.07 in September of 2001. Mexico Government Bond 10Y - data, forecasts, historical chart - was last updated on September of 2020.
The Mexico Government Bond 10Y is expected to trade at 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.99 in 12 months time.