Mexican ABS Seen Repricing

An increase in cost of funds and repricing of mortgages should see an upwards revision in Mexico’s ABS market, ING Mexico DCM head Jose Miguel Diaz Goni told a panel at the LatinFinance/Euromoney 7th Annual Securitization in Latin America Summit. “I see 12 months from now a repricing back to stable levels,” he says, noting that there could be 40bp of widening across the government yield curve.