Citi adds Mexico to flagship bond index.
By Citi October 06, 2010 01:51 PM
The World Government Bond Index (WGBI), which consists of international bond markets, has a new member. As reported by the Financial Times (free registration required), Citi announced the inclusion of Mexico into the flagship index, effective October 2010.
The Mexican Government Bond Index has satisfied all three WGBI inclusion requirements -- size, credit and barriers to entry -- for three consecutive months, and therefore has become the first Latin American government bond market to enter the WGBI.