The Ministry of Finance and Public Credit (SHCP) announced with adjustments its Government Securities Auction Program for the second quarter of 2025, which will begin on April 1, in the midst of uncertainty for the new tariffs of the United States.
This plan estimates adjustments in the amounts to auction, selective reductions in emissions and a strategy focused on strengthening public finances without compromising financing needs, the unit explained in a statement.
“This approach seeks to guarantee efficient debt management, reducing the issuance of financial instruments when market conditions allow it, without compromising the financing needs of the public sector,” said the SHCP.
Instrument Adjustments
During the quarter, the Treasury explained that it will reduce debt issuance in some instruments, as part of an efficient liabilities management strategy.
The auctions of the Treasury certificates, called CETES, to 28, 91 and 182 days will be held every week, while those of 1 and 2 -year -old deadlines will be biweekly.
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The weekly range for CETES will remain between 5,000 and 25,000 million pesos (250 and 1,250 million dollars).
On the federal government development bonds (Bondes F), the amounts to auction will be reduced in the deadlines of 1, 7 and 10 years; They will increase for those of 2 and 3 years; and will remain without change within 5 years.
These instruments will be placed biweekly, except those of 7 and 10 years, which will be auctioned every month.
With respect to m bonds, fixed rate instruments with medium and long term maturities, the amount of placement in the deadlines of 3 to 10 years will be reduced.
However, the 10 -year bonus will be auctioned once again than in the previous quarter and for the deadlines of 20 and 30 years they will maintain their amounts without variation.
On the other hand, the UDIBONOS, Indexed Inflation Titles and called in Investment Units (UDI), will also have cuts in the nodes of 3 and 10 years, being stable in those of 20 and 30 years.
Debt strategy: proactive and flexible
The SHCP stressed that the public debt policy will continue with a “proactive and flexible” strategy.
In addition, he explained that this guide “will seek to meet the financing needs, prioritizing the local market and adjusting to the public deficit goal,” as read in its note.
The objective is to prioritize financing in the local market, meet the deficit goal and strengthen the macroeconomic foundations of the country.
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The agency also assured that it will continue with liabilities management operations and will be attentive to financial market conditions to make adjustments if necessary.
This program is part of the annual financing plan 2025 and complies with the guidelines of the economic package approved by the Congress, as well as with the Federal Public Debt Law, according to the SHCP.
With EFE information
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