Cetes’ Returns Drop for the Third Consecutive Week

This week, both the 28-day Cetes and the two-year Cetes reported the best results. During the latest government debt auction, a decline in yields was observed, with the 28-day term facing three weeks of consecutive drops.

The Bank of Mexico is expected to lower the benchmark rate by the end of the month, as inflation has shown slower growth. Information on formal employment in the country, along with weak economic growth, is leading the central bank to consider this rate reduction.

How Well Are Cetes Performing? For the 28-day Cetes, the return was 8.55%, while the three-month yield was recorded at 8.48%. For six-month terms, the return reached 8.31%, and it was 8.60% for the two-year Cetes.

Changes in the benchmark rate can significantly impact the attractiveness of investments in Cetes. While the drops in yields may seem concerning, it’s important to remember that lower rates can stimulate consumption and investment, which could eventually lead to a sustainable economic recovery. Carefully assessing the context and future expectations is key to making smart investment decisions.