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Mexico Bonds Trade Like Junk After $130 Billion Bailout of Pemex
Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg's Scott Squires explains. (Source: Bloomberg)
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Bloomberg Markets
·9h ago
Mexico Bonds Trade Like Junk After $130 Billion Bailout of Pemex
Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg's Scott Squires explains. (Source: Bloomberg)
Bloomberg Markets
·9h ago
Mexico Bonds Trade Like Junk After $130 Billion Bailout of Pemex
Long the poster child of fiscal probity in emerging markets, Mexico was, at its peak, an A-rated borrower in the bond market just a few years ago. Today, the country finds itself teetering on the cusp of junk status and paying interest rate…