Argentina, Brazil, Mexico: Latin America Bond, Currency Preview

By Jamie McGee

July 11 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from a previous session.

Argentina: The monthly inflation rate likely remained unchanged at 0.6 percent in June from the prior month, according to the median estimate of 11 economists in a Bloomberg survey. Inflation for the 12 months through June accelerated to 9.3 percent, from 9.1 percent in the prior month, according to the median estimate of seven economists in a Bloomberg survey.

The National Institute of Statistics is scheduled to release the data at 3 p.m. New York time.

The peso fell 0.1 percent to 3.017 per dollar.

The yield on the country's inflation-linked peso bonds due December 2033 rose 10 basis points, or 0.1 percentage point, to 10.04 percent, according to Citigroup Inc.'s unit in Argentina.

Brazil: Inflation in the four weeks through July 7 probably quickened by 0.88 percent, according to the median estimate of 13 economists in a Bloomberg survey.

The data is scheduled for release at 4 a.m. New York time.

The real rose 0.3 percent to 1.605 per dollar.

The yield on the country's zero-coupon bonds due January 2010 fell 7 basis points to 15.16 percent, according to Bloomberg pricing.

Mexico: Capital investment rose 10.1 percent in the year through April, from a 4.1 percent decline in the prior month, according to the median estimate of 15 economists in a Bloomberg survey.

The National Institute of Statistics is scheduled to release the fixed investment data at 3:30 p.m. New York time.

The peso was little changed at 10.3022 per dollar.

The yield on Mexico's benchmark 10 percent bonds due December 2024 fell 6 basis points, or 0.06 percentage point, to 9.21 percent, according to Banco Santander SA.

To contact the reporter on this story: Jamie McGee in New York at jmcgee8@bloomberg.net