“We expect good demand for Cetes, since both the market and the consensus of analysts do not expect changes in the reference rate in the short term,” Banorte reported in a report this Tuesday.
The financial group added that Cetes continue to be a good investment due to their real rates at historically high levels.
The 28-day instruments had a reduction of 0.14 percentage points, to remain at 10.95%, according to information from Banxico.
The 91-day Cetes rose from 11.39% to 11.41%, while the 175-day Cetes went from 11.71% to 11.63%.
Two-year values fell from 11.77% to 11.52%.
At the end of the first half of October, general inflation stood at 4.2%, a level still outside the central bank’s objective of 3% +/- one percentage point, while the reference interest rate is at a historical maximum of 11.25%.