US Treasuries surge hits CFE deal

US Treasuries surge hits CFE deal


Mexico’s Comision Federal de Electricidad (CFE) was forced sell its 30-year bond above initial price thoughts on Tuesday as US Treasury rates hit a seven-month high. The state-controlled power company sold the 6.125% $700m 2045 at a spread of 300bp over Treasuries, up from initial prices thoughts in the high 200s. The bond was sold at a cash price of 99.146 to yield 6.188%. The 30-year US treasury rate raised 4bp on Tuesday to close at 3.15%, a level not seen since September, and was cited as th

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