Mexico 10-Year Bond Yield

Mexico 10-Year Bond Yield closed down by -0.15% to 6.86 on 23 January 2021 and +0.07% on a weekly basis. Mexico 10-Year Bond Yield momentum was last calculated at -50.0/100 indicating negative momentum. Mexico 10-Year Bond Yield trend is -100.0/100 indicating a negative trend. Mexico 10-Year Bond Yield momentum exhaustion is -1.44609 indicating Mexico 10-Year Bond Yield is oversold.Mexico 10-Year Bond Yield RSI is 35.4716 .

Mexico 10-Year Bond Yield Chart

Mexico 10-Year Bond Yield

Mexico 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Mexico 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Mexico 10-Year Bond Yield trading signals presented in the Mexico 10-Year Bond Yield statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Mexico 10-Year Bond Yield MX.10Y 6.86 -0.5 -1 -1.44609 35.4716 -0.15 0.07 1.63 -0.23246

Mexico 10-Year Bond Yield closed at 6.86 on 23 January 2021. Mexico 10-Year Bond Yield trend was last calculated at -100.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Mexico 10-Year Bond Yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Mexico 10-Year Bond Yield momentum exhaustion is -1.44609 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Mexico 10-Year Bond Yield is oversold and a possible reversal is imminent. Mexico 10-Year Bond Yield RSI was last calculated at 35.4716. Mexico 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 5.30175 in a downtrend , 1-quarter moving average: 5.60152 in a downtrend and 1-year moving average: 6.11781 in a downtrend. Mexico 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -0.15%, and weekly return was last recorded at 0.07%. Mexico 10-Year Bond Yield histrorical 20-day volatility was last recorded at 11.3988%, Mexico 10-Year Bond Yield alpha None, Mexico 10-Year Bond Yield beta None and Mexico 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Mexico 10-Year Bond Yield statistics based on historical data since 1970.

Mexico 10-Year Bond Yield News

Mexico 10-Year Bond Yield Factors

Mexico 10-Year Bond Yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Mexico PMI vs 10Y MX.FACT.10YPMI 6.07 46.4389 -0.667257
Mexico 10Y vs FX MX.FACT.FX10Y 5.25 7.50716e15 0.25

Mexico Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
S&P/BMV IPC IPC 50035.2 1 1 1.17184 72.7267 1.21 -0.27 3.19 0.05078
Mexico Capped ETF EWW 47.42 1 0.75 1.24414 61.1076 -0.96 0.62 0.94 -0.0555
Mexican Peso US Dollar (MXN/USD) MXNUSD 20.15 0.5 -0.5 -1.00008 43.5654 1.36 -0.21 1.18 0.05808
Mexico 10-Year Bond Yield MX.10Y 6.86 -0.5 -1 -1.44609 35.4716 -0.15 0.07 1.63 -0.23246
Mexico 5-Year Bond Yield MX.5Y 6.14 0 -1 -1.10189 40.3311 -0.32 3.28 11.64 -0.33234
Mexico 2-Year Bond Yield MX.2Y 5.42 -0.5 -1 -0.96897 43.6639 -1.99 12.92 14.11 -0.39915
Mexico Yield Curve MX.YC 1.44 -0.5 -0.5 0.18605 43.9583 21.01 -24.8 -25 -5.5
Mexico Credit Default Swaps CDS.Mexico 97.5 -1 -0.75 -0.97821 37.0111 3.17 0.78 5.41 0.04479

Mexico Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 340 1501 -0.773484 -1.09652 -1.0 1.0 0.333333 2021-05-31
banks balance sheet 9061610 9097600 -0.00395599 -0.891425 -1.0 -1.0 0.0166667 2021-02-28
business confidence 52.3 50.5 0.0356436 0.372703 1.0 1.0 0.983333 2021-06-30
capacity utilization 78.3 79.4 -0.0138539 0.72467 1.0 1.0 0.983333 2021-05-31
capital flows -6.5 -7.8 -0.166667 -0.726891 1.0 1.0 0.533333 2020-09-01
car registrations 45359 45770 -0.00897968 0.283757 -1.0 1.0 0.966667 2021-06-30
central bank balance sheet 4469030000 4690890000 -0.0472959 -0.0744514 -1.0 -1.0 0.0333333 2021-06-30
consumer confidence 44.5 43 0.0348837 0.381988 1.0 1.0 0.983333 2021-06-30
consumer price index cpi 113.02 112.42 0.00533713 0.0588048 1.0 1.0 0.833333 2021-06-30
core inflation rate 4.58 4.37 0.0480549 0.237838 1.0 1.0 0.683333 2021-06-30
current account 17408.9 17125.3 0.0165603 -10.9366 1.0 1.0 0.0333333 2020-10-01
current account to gdp 2.4 -0.3 -9 -2.6 1.0 1.0 0 2020-01-31
deposit interest rate 0.46 0.5 -0.08 -0.823077 -1.0 -1.0 0.0666667 2022-03-31
exports 40798.3 40772.8 0.000625417 1.25782 1.0 1.0 1 2021-05-31
external debt 460517 462504 -0.00429618 0.0153655 1.0 1.0 0.0666667 2021-01-01
fiscal expenditure 630105 534807 0.178191 0.160431 1.0 1.0 0.783333 2021-03-31
foreign direct investment 2531.4 2436.7 0.038864 -0.650981 -1.0 -1.0 0.0333333 2020-10-01
foreign exchange reserves 199302 201899 -0.0128629 0.00965572 -1.0 1.0 0.433333 2021-05-31
gdp 1076.16 1268.87 -0.151875 -0.0304778 -1.0 -1.0 0 2020-01-31
Real GDP 17635600 17502100 0.00762766 -0.0469304 -1.0 -1.0 0.05 2021-03-31
gdp growth 0.4 3.3 -0.878788 -0.692308 1.0 -1.0 0.45 2020-11-01
gdp growth annual -3.6 -4.3 -0.162791 -3 -1.0 -1.0 0.1 2021-01-01
gold reserves 119.87 120.06 -0.00158254 -0.00274542 -1.0 -1.0 0.5 2021-01-01
government budget -4.6 -1.6 1.875 45 -1.0 -1.0 0 2019-02-28
Government budget -26620 15940 -2.67001 -0.736093 -1.0 1.0 0.333333 2021-04-30
government debt to gdp 45.5 46 -0.0108696 1.5419 1.0 1.0 0 2019-01-31
government revenues 636424 435232 0.462264 0.205789 1.0 1.0 0.866667 2021-03-31
imports 40458.7 39272.2 0.0302122 0.873747 1.0 1.0 1 2021-05-31
industrial production 36.4 36.5 -0.00273973 -2.19619 1.0 1.0 0.2 2021-05-31
industrial production mom 0.1 -0.3 -1.33333 -1.14286 -1.0 1.0 0.483333 2021-05-31
inflation cpi 5.88 5.89 -0.00169779 0.765766 1.0 1.0 0.783333 2021-06-30
interbank rate 4.32 4.29 0.00699301 -0.235398 -1.0 -1.0 0.233333 2021-06-30
interest rate 4 4 0 -0.428571 -1.0 -1.0 0.133333 2021-05-13
loans to private sector 2645060000 2667200000 -0.00830084 -0.131186 -1.0 -1.0 0.0333333 2021-05-31
manufacturing pmi 48.8 47.6 0.0252101 0.264249 1.0 1.0 0.983333 2021-06-30
money supply m0 2156050 2147230 0.00410762 0.160983 1.0 1.0 0.75 2021-06-30
money supply m1 5717370000 5698410000 0.00332724 0.108959 1.0 1.0 0.516667 2021-05-31
money supply m2 10531600000 10518200000 0.00127398 0.044615 1.0 1.0 0.283333 2021-05-31
money supply m3 12573500000 12504400000 0.00552605 0.0772269 1.0 1.0 0.516667 2021-05-31
Producer Price Index 109.53 108.76 0.00707981 0.058312 1.0 1.0 0.683333 2021-06-30
retail sales MoM -0.4 3.5 -1.11429 -0.9819 -1.0 1.0 0.55 2021-04-30
retail sales 30.1 2.5 11.04 -2.26471 1.0 1.0 0.283333 2021-04-30
total vehicle sales 45359 45770 -0.00897968 0.283757 -1.0 1.0 0.966667 2021-06-30
unemployment rate 4 4.7 -0.148936 -0.047619 -1.0 -1.0 0.416667 2021-05-31

Mexico 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: Mexico 10-Year Bond Yield momentum, Mexico 10-Year Bond Yield trend, Mexico 10-Year Bond Yield oscillator, Mexico 10-Year Bond Yield RSI and Mexico 10-Year Bond Yield returns.

Mexico 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarMexico 10-Year Bond Yield momentum signal ranges from -100 to +100. The Mexico 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Mexico 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Mexico 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Mexico 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Mexico 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

Mexico 10-Year Bond Yield trend

Mexico 10-Year Bond Yield trend signal ranges from -100 to +100. Mexico 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Mexico 10-Year Bond Yield Closing price vs Mexico 10-Year Bond Yield moving average (MA) calculation: If Mexico 10-Year Bond Yield is greater than Mexico 10-Year Bond Yield MA value is +1, else -1, 2. Mexico 10-Year Bond Yield Moving average slope calculation: if current Mexico 10-Year Bond Yield moving average is higher than the previous MA, Mexico 10-Year Bond Yield upward slope +1, else -1
Mexico 10-Year Bond Yield trend model can be used as a trend strength indicator. Mexico 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Mexico 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Mexico 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Mexico 10-Year Bond Yield is in an uptrend when Mexico 10-Year Bond Yield price is higher than the 52-week moving average and the Mexico 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Mexico 10-Year Bond Yield oscillator and Mexico 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Mexico 10-Year Bond Yield oscillator

The Mexico 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Mexico 10-Year Bond Yield price versus Mexico 10-Year Bond Yield 1-year simple moving average price. The formula for the Mexico 10-Year Bond Yield oscillator is:
Mexico 10-Year Bond Yield oscillator = (Current Price – 250 trading days Mexico 10-Year Bond Yield simple moving average price) / (250 days Mexico 10-Year Bond Yield price standard deviation)

Mexico 10-Year Bond Yield oversold conditions
Mexico 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Mexico 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Mexico 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Mexico 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Mexico 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Mexico 10-Year Bond Yield RSI.
Mexico 10-Year Bond Yield overbought conditions
Mexico 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Mexico 10-Year Bond Yield is overbought it is often due for a correction. Values of the Mexico 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Mexico 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Mexico 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Mexico 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Mexico 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Mexico 10-Year Bond Yield returns

MacroVar calculates Mexico 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Mexico 10-Year Bond Yield returns = (Mexico 10-Year Bond Yield Closing Price – Mexico 10-Year Bond Yield Previous Price)/(Mexico 10-Year Bond Yield Previous Price)
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