Tag Archives: S&P/BMV Sovereign UDIBONOS Bond Index
Mexican Sovereign Debt Structure
A couple of months ago, we took a look at the Chilean sovereign bond market and indices. This time, we will analyze the case of Mexico, starting with the local bond market, followed by its structure, and ending with its index performance. Mexican domestic sovereign debt is issued by the Ministry of Finance (Secretaría de…
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Does the Outperformance of UDIBonos to MBonos Have Legs?
Since the U.S. presidential election on Nov. 8, 2016, the S&P/BMV Sovereign UDIBONOS Bond Index, which seeks to track inflation-protected Mexican government bonds, outperformed its nominal counterpart, the S&P/BMV Sovereign MBONOS Bond Index (see Exhibit 1). What was the driver behind this outperformance, and can we expect it to persist? Exhibit 1: S&P Mexico Sovereign…
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