(Bloomberg) -- Mexican peso-denominated bonds and
the currency fell after Standard & Poor's said it may cut credit
ratings on bonds backed by subprime mortgages, damping investor
appetite for riskier assets.
The yield on Mexico's 10 percent bond due December 2024,
the country's most-traded security, rose to its highest in two
weeks after S&P said losses on residential mortgage-backed
securities will increase beyond previous expectations. The move
fueled concerns U.S. housing weakness will slow growth in the
world's largest economy.
Read more at Bloomberg Currencies News
the currency fell after Standard & Poor's said it may cut credit
ratings on bonds backed by subprime mortgages, damping investor
appetite for riskier assets.
The yield on Mexico's 10 percent bond due December 2024,
the country's most-traded security, rose to its highest in two
weeks after S&P said losses on residential mortgage-backed
securities will increase beyond previous expectations. The move
fueled concerns U.S. housing weakness will slow growth in the
world's largest economy.
Read more at Bloomberg Currencies News
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