Mexico Macro Daily(Beta Mode)
IPC Softens, Yields Slide
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| IPC Bolsa | 70,036.66 | -0.30% |
| USD/MXN | 17.19 | -0.13% |
| EUR/MXN | 20.18 | -0.35% |
| WTI Crude | 101.88 | -0.29% |
| Silver | 88.06 | +3.44% |
| Gold | 4,709.80 | +0.69% |
| Brent Crude | 107.65 | -0.11% |
| Bitcoin | 80,472.40 | -0.01% |
| Mexico Short-term Rate | 5.52% | -0.72% |
| Mexico Long-term Rate | 8.74% | -5.10% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Mexico Short-term Rates | Type: macro_line | Short Rate %: 5.52 (2026-03-01) | Range: 3.05–8.79 | Trend(6pt): 3.05,5.5,8.53,8.05,5.56,5.52 | Long Rate %: 8.74 (2026-02-01) | Range: 6.54–10.43 | Trend(5pt): 6.54,9.1,9.39,9.85,8.74
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- IPC Bolsa dipped 0.30% to 70,036.66 amid global risk aversion and softer oil prices.
- USD/MXN edged lower by 0.13% to 17.19, reflecting peso resilience via carry trades.
- Bond yields fell sharply, with long-term rates down 5.10% to 8.74%, eyeing policy easing.
Yesterday's Recap
Mexican markets faced mild downside as external factors pressured risk assets. The IPC Bolsa index declined 0.30% to 70,036.66, tracking broader equity weakness tied to falling energy prices. USD/MXN slipped 0.13% to 17.19, bolstered by carry trade interest despite limited domestic drivers.
Short-term rates dropped 0.72% to 5.52%, while long-term rates fell 5.10% to 8.74%, signaling bets on future monetary easing. EUR/MXN weakened 0.35% to 20.18, mirroring euro declines. Commodities mixed, with WTI crude down 0.29% to 101.88 and Brent crude off 0.11% to 107.65, weighing on energy stocks.
Silver surged 3.44% to 88.06 and gold rose 0.69% to 4,709.80, providing hedges. Bitcoin held at 80,472.40 with a 0.01% dip. No economic data was released, shifting focus to US-Mexico trade and global flows.
The Day Ahead
Calendar stays quiet with no Mexican data or events scheduled. Traders will watch for unscheduled Banxico remarks or US indicators impacting the peso. Nearshoring updates could lift manufacturing sentiment.
Commodity swings, particularly in oil, remain key due to export dependence. USMCA trade news may affect cross-border activity. Expect global macro signals to drive volatility in a low-event session.
Other Economic Notes
Nearshoring bolsters Mexican manufacturing, with B2B buy-now-pay-later market eyed at $1.97 billion in 2026, fueled by fintechs like Konfio, Tribal, and Mundi expanding SME credit. US-Mexico trucking tightens from phantom capacity, per Uber Freight, as compliant drivers and secure lanes grow scarce, hiking logistics costs for exporters. These trends support growth amid stalled energy reforms, with remittances and auto investments as pillars.
Global Macro News
Oil prices eased, with WTI crude down 0.29% to 101.88 and Brent crude off 0.11% to 107.65, challenging Mexico's export revenues and fiscal outlook. Precious metals advanced, silver up 3.44% to 88.06 and gold gaining 0.69% to 4,709.80, aiding peso hedges in uncertain times. Bitcoin steadied at 80,472.40 with a 0.01% drop, backing Mexico's fintech sector.
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