I just saw that Mexico's debt market is breaking records. It turns out that Pemex just issued a local debt sale of $1.8 billion, and according to Bloomberg, it's the largest seen in the country's local markets. We're only halfway through the month, and it's already a historic month for Mexican debt.

What's interesting is that this single transaction has significantly moved the monthly volume. Mexico's local debt market is very active right now, that's clear. It's no small feat to see moves of this size, especially considering there are still weeks to go. Activity in Mexico's financial markets looks quite robust at the moment.