Will The Fed Rate Hike Create A Buying Opportunity In Mexico?

During a panel on central bank policies in Switzerland earlier this week Bank of Mexico deputy governor Javier Guzmán Calafell told the audience that the emerging markets such as Mexico are preparing for a financial shock following the first Fed rate hike. But in the last month Bill Gross has called Mexican sovereign bonds one of his best ideas and Bridgewater Associates co-CEO Greg Jensen has been bullish on Mexican growth in general. If investors first reaction to the Fed rate hike is to pull money out of emerging markets that could create a buying opportunity for bonds that Gross…