Mexico’s Congress looks set to pass covered bond legislation. The move will create a whole new asset class for the local market and may rejuvenate mortgage funding.
Category: 2011 September / October
Safe-Haven Status
Mexico’s sovereign local currency debt has never been more popular, but this has done little to help further develop the local corporate debt markets.
Catching Up
LatAm infrastructure spending is lagging behind emerging market peers. Private sector investments may take up the slack, but are governments doing enough?
Shifting Gears
Rising sales figures in Mexico’s automotive industry are drawing new investment in production while one of the country’s largest parts manufacturers is readying its own growth spurt.
Clearing the Way
The easing of cross-border clearing and settlement in LatAm has gone hand in hand with regional integration. Is a centralized system the next step?
Something Real
Reasons to buy global real-denominated bonds abound, but will risk aversion scare foreign investors away from this asset class? Yields may be too tempting to resist.
Taming the Beast
With inflation the main challenge, several banks drew positive reviews for their efforts in the past year, with Colombia narrowly leading the way. However, Brazil continues to frustrate markets
