Bloomberg News

Mexico Sells 7 Billion Pesos of 28-Day Cetes at Auction Today

March 13, 2012

Mexico sold all 7 billion pesos of 28-day Cetes and 8 billion pesos of the 91-day securities it offered today, the central bank said on its website.

Mexico also sold all 8.5 billion pesos in 175-day bills it auctioned, the bank said.

The yield at auction on the one-month notes fell nine basis points, or 0.09 percentage point, to 4.18 percent from the previous auction on March 6, the bank said.

The nation’s Finance Ministry seeks to sell this quarter an average of 7 billion pesos of one-month notes weekly and an average of 8 billion pesos of those maturing in three months each week, the ministry said Dec. 15. Mexico will sell at least 3.5 billion pesos weekly of the 28-day Cetes and at least 4 billion pesos each week of 91-day bills during this quarter, it said.

To contact the reporter on this story: Ben Bain in New York at bbain2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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