Mexico: Bond Yield Falls

The yield on Mexico’s 10-year treasury note declined Monday to 9.69 percent, its lowest level in more than three months on expectations that slowing inflation may lead the central bank to reverse more than a year of interest-rate increases. Mexico’s annual inflation rate fell to 4.6 percent in April from a 20-month high of 5.4 percent in November. The central bank last week decided to hold its benchmark lending rate at a two-year high of 9.75 percent.