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Re: CETES



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In a message dated 8/31/98 3:02:12 PM, rkurzon@xxxxxxxxxxxxx wrote:

<<Anybody looked at Mexican CETES yielding about 21% as an investment
vehicle? Possibly hedging the position with Peso futures?
Comments/ideas?

Regards, Randall
>>

Don't know about this particular idea but in most currencies the cost of
hedging is related to the interest rate differential so the whole transaction
winds up being a breakeven or worse.

Chuck
traderclub.com