FIXED INCOME 101 | Mexico Mexico’s Bond Market: An Introduction

Mexico has the most-developed fixed-rate bond market in Latin America. The bid-offer spread for MBONOS in the secondary market has decreased drastically to 3-5 basis points (bps) in recent years from above 25 bps in 2001. Exhibit 3 displays the average daily trading volume per issue for MBONOS in the 5-10 year maturity range. ................
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