Government bonds above 10%

The premium paid by the short-term bonds issued by the Federal Government pay rates above 10% per year in all their installments.

According to the last auction of Treasury Certificates (Cetes) this year, coordinated by the Bank of Mexico, the yields of government papers had mixed performances.

The foregoing because all yields rose, with the exception of the rate paid by the 28-day referential.

The government placed 5,000 million pesos in 28-day Cetes at a rate of 10.10%, a decrease of 10 base points compared to the previous auction, when it reached its highest level since June 2001. Although the demanded papers were 3.29 times the amount placed.

The Central Institute placed 5,000 million pesos in 91-day Cetes at a rate of 10.70% or 20 base points more than the previous auction. The demand was 2.27 times.

The government issued 6,000 million pesos in 182-day Cetes at a rate of 10.90%, an increase of eight basis points compared to the previous issue. The demand was 2.29 times the amount placed.

Banxico placed 8.5 billion pesos in 350-day Cetes at a rate of 11%, or an increase of 28 basis points compared to the previous offer. The demand was 1.84 times the amount placed.

The government borrowed 8,800 million pesos from investors in Bondes F.

The government placed 800 million pesos in Bondes F at 665 days with a surcharge of 0.19%. The demand for this instrument was 2.33 times the amount placed.

The Bank of Mexico placed 500 million pesos in Bondes F at 1,750 days at a rate of 0.30%. The demand for this instrument was 3.54 times the amount placed.

The government placed 500 million pesos in Bondes F at 3,584 days at a rate of 0.32%. The demand for this instrument was 3.56 times the amount placed.

termometro.economico@eleconomista.mx