(Bloomberg) -- Mexico's 10-year bond fell for a
second day and the peso weakened as rising interest rates in
developed countries trimmed investor demand for riskier emerging-
market assets.
The yield on Mexico's 10-year bond denominated in pesos
reached its highest in two weeks after New Zealand unexpectedly
raised borrowing costs today. A day earlier, the European Central
Bank lifted its benchmark rate to a six-year high. Traders are
also trimming bets that the Federal Reserve will cut the
benchmark U.S. interest rate this year as the economy rebounds.
Read more at Bloomberg Emerging Markets News
second day and the peso weakened as rising interest rates in
developed countries trimmed investor demand for riskier emerging-
market assets.
The yield on Mexico's 10-year bond denominated in pesos
reached its highest in two weeks after New Zealand unexpectedly
raised borrowing costs today. A day earlier, the European Central
Bank lifted its benchmark rate to a six-year high. Traders are
also trimming bets that the Federal Reserve will cut the
benchmark U.S. interest rate this year as the economy rebounds.
Read more at Bloomberg Emerging Markets News
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