And hey, there’s other stuff happening with Colombia and Brazil, and Argentina’s managed to buy some time in the New York court system and there’s obviously a general global imbalance of sovereign access to debt markets, yes, I am aware of all those things and many more. But in the interest of keeping this tidy, I’m going to focus right now on the most recent Latam issues and attempt some level of streamlining.
So let’s look at some data first. This is as close as I can get to comparing apples to apples:
And here’s a reminder direct from Mexico’s Treasury on the recent history of Mexican government bond yields at issue date: