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By Padhraic Garvey, CFA
Brazil and Mexico have been whacked, but what to do now. We have more comfort in Mexico
Banxico can cut rates as soon as it's comfortable, and we think there's plenty of room
The Mexican curve is deeply inverted, and primed to re-steepen. The real Banxico rate is super high. Long tenor market rates are low vs the US. Banxico can…