墨西哥10年期国债 (Mexico10Y) 加自选

墨西哥比索因美元疲软而上涨，忽视了强劲的美国数据。墨西哥比索周二有所回升，兑美元汇率攀升，这得益于积极的就业数据和美元的整体疲软。尽管美国发布了乐观的就业机会和劳动力流动率（JOLT）报告，这可能会阻止美联储（Fed）在12月的会议上放松政策，但美元走弱。

Mexican Peso rises on weak US Dollar, ignores strong US data.The Mexican Peso recovers some ground on Tuesday and climbs against the US Dollar, sponsored by positive jobs data and overall weakness in the American currency. The Greenback weakened despite an upbeat Job Openings & Labor Turnover (JOLTs) report in the US, which could prevent the Federal Reserve (Fed) from easing policy at the December meeting.

劳动力市场增长，贸易乐观，墨西哥比索兑美元汇率升至20.4。周二，墨西哥比索兑美元走强，达到20.4比索兑1美元。这标志着从11月26日最近的低点20.64大幅反弹。

Mexican peso strengthens to 20.4 per dollar amid labor market growth, trade optimism.The Mexican peso strengthened against the US dollar on Tuesday, reaching 20.4 per dollar. This marks a significant rebound from its recent low of 20.64 on November 26th.

墨西哥比索兑美元汇率超过20.4，从2022年3月以来的最低水平20.64反弹，因为投资者在评估劳动力市场数据的同时缓解了与美国的贸易紧张局势。墨西哥10月份的失业率降至2.5%，为3月份以来的最低水平，超过了2.9%的预期，并支持Banxico降息周期的进一步灵活性。与此同时，在美国当选总统唐纳德·特朗普和墨西哥总统克劳迪娅·谢恩鲍姆举行外交会谈后，贸易战的担忧有所缓解。最初受到特朗普对移民和贩毒征收25%关税威胁的压力，在领导人之间进行了“精彩”的对话后，比索恢复了市场信心，特朗普赞扬了Sheinbaum解决这些问题的承诺。尽管有所复苏，但比索今年迄今仍下跌约20%，受到对政府支出增加、债务增加以及谢恩鲍姆政府领导下的央行宽松措施的担忧的拖累。

The Mexican peso strengthened past 20.4 per US dollar, rebounding from its weakest level since March 2022 at 20.64 on November 26th, as investors assessed labor market data alongside easing trade tensions with the US. Mexico’s unemployment rate fell to 2.5% in October, its lowest since March, beating forecasts of 2.9% and supporting further flexibility in Banxico’s rate-cutting cycle. Meanwhile, trade war fears eased after U.S. President-elect Donald Trump and Mexican President Claudia Sheinbaum held diplomatic talks. Initially pressured by Trump’s 25% tariff threats over immigration and drug trafficking, the peso recovered after a “wonderful” conversation between the leaders reassured markets, with Trump praising Sheinbaum’s commitment to addressing these concerns. Despite the recovery, the peso remains about 20% weaker year-to-date, weighed down by concerns over elevated government spending, rising debt, and the central bank’s easing measures under Sheinbaum’s administration.

2024年9月，墨西哥的固定资产投资总额比上一年下降了3.3%，此前一个月修正后增长了0.5%，而分析师此前预计将保持平稳。这是自6月以来私人投资的首次下降，也是自2021年2月以来的最大跌幅，因为建筑投资继续暴跌（-5.3%对8月的-2.7%）。此外，机械和设备支出下降（-0.9%对4.2%）。 经季节性调整的月度数据显示，9月份固定投资总额下降了0.8%，而前一个月修正后的跌幅为2.2%。

Gross fixed investment in Mexico shrank by 3.3% from the previous year in September 2024, following a revised 0.5% increase in the prior month, while analysts had expected it to remain flat. This marked the first decline in private investment since June and the steepest since February 2021, as investment in construction continued to plunge (-5.3% vs -2.7% in August). Moreover, spending on machinery and equipment declined (-0.9% vs 4.2%). On a seasonally adjusted monthly basis, gross fixed investment fell by 0.8% in September, after a revised 2.2% slump in the prior month.