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Mexico City (apro) – Last Thursday, August 8, the Central Bank of Mexico (Banxico) announced a 25 basis point cut in the interbank interest rate target, setting it at 10.75%. Following the cut, the interest rates on Treasury bills (Cetes) auctioned in all four maturities fell.
Cetes are lower risk investments with very short maturity dates of 28, 91, 182, 364 and 728 days. The government itself is responsible for returning the invested funds and the returns generated.
Government values typically stay above inflation, so investments tend to be maintained over time, but after the Bank of Mexico announced a rate cut, values fell, falling below the 11% mark.
According to Cetes Directo, on Wednesday, August 14, the value of Federal Treasury Bills was as follows.
At 28 days, Cetes’s yield is 10.65.
At 91 days, Cetes has a yield of 10.8.
At 6 months, Cetes’s yield was 10.85.
In 1 year, Cetes’ return rate is 11.08
At 2 years, Cetes’ return rate is 10.64
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