As emerging markets regained their popularity in the first half of this year, few deals paid off as much as investing in local Mexican bonds. According to compiled data, Mbonos bonds issued by the Mexican government to finance public expenses brought investors 22% of returns in 2025, second only to Brazilian government bonds in the emerging market local bond index. Bets that Mexican policymakers will continue to cut interest rates and the flexibility of the Mexican peso in the face of Trump's tariff war drove bond yields down sharply. Companies such as Aberdeen Group, Neuberger Berman, and Pictet Asset Management believe that since yields are still attractive and traders expect the Federal Reserve to relax monetary policy in the next few months, there is room for further rebound. Gorky Urquieta, Neuberger's co-head of emerging markets debt, said: “Whether in terms of fundamentals, technology, or interest rate valuations, we still see reasons to keep holding positions.”

As emerging markets regained their popularity in the first half of this year, few deals paid off as much as investing in local Mexican bonds. According to compiled data, Mbonos bonds issued by the Mexican government to finance public expenses brought investors 22% of returns in 2025, second only to Brazilian government bonds in the emerging market local bond index. Bets that Mexican policymakers will continue to cut interest rates and the flexibility of the Mexican peso in the face of Trump's tariff war drove bond yields down sharply. Companies such as Aberdeen Group, Neuberger Berman, and Pictet Asset Management believe that since yields are still attractive and traders expect the Federal Reserve to relax monetary policy in the next few months, there is room for further rebound. Gorky Urquieta, Neuberger's co-head of emerging markets debt, said: “Whether in terms of fundamentals, technology, or interest rate valuations, we still see reasons to keep holding positions.”