June 10, 2024 8:03 AM
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Economic_Research@ntrs.com
Economic Commentary: Mexico Elections, ECB, Treasuries
Economic commentary updates focused on Mexico's progress, the ECB's monetary policies, and U.S. Treasury auctions.
Mexico is working to make further economic advancements. Jun 10, 2024 Weekly Economic Commentary Ryan Boyle Will Mexico Shein On? Mexico has momentum to meet demands from reshoring. Read Article Vaibhav T
June 10, 2024 8:03 AM
-
Economic_Research@ntrs.com
Economic Commentary: Mexico Elections, ECB, Treasuries
Economic commentary updates focused on Mexico's progress, the ECB's monetary policies, and U.S. Treasury auctions.
Mexico is working to make further economic advancements. Jun 10, 2024 Weekly Economic Commentary Ryan Boyle Will Mexico Shein On? Mexico has momentum to meet demands from reshoring. Read Article Vaibhav T
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</style><div id="emailPreHeader" style="visibility:hidden; opacity:0; color:transparent; line-height:0; font-size:0px; overflow:hidden; border-width:0; display:none!important">Mexico is working to make further economic advancements.</div><table width="100%" border="0" cellspacing="0" cellpadding="0" class="em_full_wrap em_body" bgcolor="#ffffff" style="table-layout:fixed"><tbody><tr><td align="center" valign="top"><table align="center" width="600" border="0" cellspacing="0" cellpadding="0" class="em_main_table" style="width:600px; table-layout:fixed"><tbody><tr><td align="center" valign="top"><table width="600" border="0" cellspacing="0" cellpadding="0" align="center" class="em_wrapper mktoContainer" id="Template" style="width:600px"><tbody><tr class="mktoModule" id="header_logo_nt_corp3916d068-0018-42aa-9c42-1ce6c17f6c20"><td align="center" valign="top" bgcolor="#115740" class="em_dark" style="padding-top:20px; padding-bottom:10px"><table width="600" border="0" cellspacing="0" cellpadding="0" align="center" class="em_wrapper" style="width:600px"><tbody><tr><td width="40" class="em_side24" style="width:40px"> </td><td align="center" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><th align="left" valign="top" class="em_clear"><div class="mktoImg" id="img01def02ee3-8211-4584-8e7b-ede74b2042c2"><a href="#" target="_blank" style="text-decoration:none"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/image_01.png" width="200" border="0" alt="NORTHERN TRUST" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:200px"></a> </div></th><th width="68" class="em_clear" style="width:68px"> </th><th align="right" valign="middle" class="em_clear"><table align="right" class="em_wrapper" width="252" border="0" cellspacing="0" cellpadding="0" style="width:252px"><tbody><tr><td align="right" valign="middle" class="em_left em_ptop5 em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:14px; line-height:22px; font-weight:500; letter-spacing:2px; color:#FFFFFF; text-transform:uppercase"><div class="mktoText" id="text_158be2ec3-7ba9-4c04-a1b1-cf549736978d">Jun 10, 2024 </div></td></tr></tbody></table></th></tr></tbody></table></td><td width="40" class="em_side24" style="width:40px"> </td></tr></tbody></table></td></tr><tr class="mktoModule" id="headline_text_nt_corpb9d4748b-8476-4df7-a347-b7b7301f2626"><td align="center" valign="top" bgcolor="#115740" class="em_dark" style="padding-top:15px; padding-bottom:20px"><table width="600" border="0" cellspacing="0" cellpadding="0" align="center" class="em_wrapper" style="width:600px"><tbody><tr><td width="40" class="em_side24" style="width:40px"> </td><td align="center" valign="top"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="left" class="em_txt_white" valign="middle" style="font-family:Equip,Arial,sans-serif; font-size:26px; line-height:34px; font-weight:500; color:#FFFFFF"><div class="mktoText" id="text_J1e010ac6f-2ad4-4f4c-8815-f0926af8d86f"><p>Weekly Economic Commentary<br></p></div></td></tr></tbody></table></td><td width="40" class="em_side24" style="width:40px"> </td></tr></tbody></table></td></tr><tr class="mktoModule" id="medium_article_card_left_image_right_text__button3c770792-e7f6-4a85-8dfd-97c6a4b8eb74"><td align="center" valign="top" bgcolor="#FFFFFF" class="em_dark" style="padding-top:20px; padding-bottom:15px"><table width="600" border="0" cellspacing="0" cellpadding="0" align="center" class="em_wrapper" style="width:600px"><tbody><tr><td width="40" class="em_hide" style="width:40px"> </td><td align="center" valign="top" class="em_aside24j"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0" dir="rtl"><tbody><tr><th valign="top" class="em_clear"><table align="left" class="em_wrapper" width="150" border="0" cellspacing="0" cellpadding="0" dir="ltr" style="width:150px"><tbody><tr><td align="center" valign="top" class="em_hide" style="padding-top:10px"><div class="mktoImg" id="img24afa3d009-31ab-48a9-85cc-426fc0cb4feb"><a href="#" target="_blank"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/Corp-2024-06-07-Mexico.jpg" width="150" alt="Mexico" class="em_full_img" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:150px"></a> </div></td></tr><tr><td height="0" valign="top" align="center"><div class="em_hide_desktop" style="display:none; width:0; overflow:hidden; max-height:0px!important"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><td align="center" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><th align="center" valign="top"><div class="mktoImg" id="mob_image_9b23af5de-4be4-4ae3-8f45-0bce0ad7652f"><a href="#" target="_blank"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/Corp-2024-06-07-Mexico.jpg" width="327" alt="Mexico" class="em_full_img" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:174px"></a> </div></th></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></th><th width="32" class="em_hide em_clear" style="width:32px"> </th><th valign="top" class="em_clear"><table align="right" class="em_wrapper" width="338" border="0" cellspacing="0" cellpadding="0" dir="ltr" style="width:338px"><tbody><tr><td align="center" valign="top" class="em_ptop24"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:12px; line-height:20px; font-weight:500; color:#115740; text-transform:uppercase; letter-spacing:2px"><div class="mktoText" id="text_62ff4de65c-ffa2-496d-b5cd-5656aa8aab6b"><p>Ryan Boyle</p></div></td></tr><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:23px; line-height:32px; font-weight:500; color:#3D4042; padding-top:12px"><div class="mktoText" id="text_63655e9ad5-9f00-4565-9a2f-00b2fe56be34"><p>Will Mexico Shein On?</p></div></td></tr><tr><td align="left" valign="middle" class="em_ptop em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:14px; line-height:20px; font-weight:400; color:#3D4042; padding-top:14px"><div class="mktoText" id="text_64e5f14e21-7b71-458e-b127-99329cbf6ecd"><p>Mexico has momentum to meet demands from reshoring.</p></div></td></tr><tr><td align="left" valign="top" style="padding-top:16px"><table align="left" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center" class="em_defaultlink em_txt_white em_dark" bgcolor="#115740" valign="middle" height="46" style="font-family:Equip,Arial,sans-serif; font-size:12px; height:46px; border:1px solid #3D4042; padding:0px 24px; color:#FFFFFF; letter-spacing:2.3px; font-weight:500; text-transform:uppercase"><a href="#" target="_blank" style="text-decoration:none; color:#FFFFFF; display:block; line-height:46px"><strong style="color:#FFFFFF; font-weight:normal"><strong style="color:#FFFFFF; font-weight:normal">Read Article</strong></strong></a></td></tr></tbody></table></td></tr><tr><td height="2" style="height:2px; font-size:0px; line-height:0px"><img alt="" src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/spacer.gif" height="1" width="1" border="0" style="max-height:1px; min-height:1px; display:block; max-width:1px"></td></tr></tbody></table></td></tr></tbody></table></th></tr></tbody></table></td><td width="40" class="em_hide" style="width:40px"> </td></tr></tbody></table></td></tr><tr class="mktoModule" id="medium_article_card_left_image_right_text__buttoned0055f0-6426-42a2-9890-964e167a2ff5"><td align="center" valign="top" bgcolor="#FFFFFF" class="em_dark" style="padding-top:20px; padding-bottom:15px"><table width="600" border="0" cellspacing="0" cellpadding="0" align="center" class="em_wrapper" style="width:600px"><tbody><tr><td width="40" class="em_hide" style="width:40px"> </td><td align="center" valign="top" class="em_aside24j"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0" dir="rtl"><tbody><tr><th valign="top" class="em_clear"><table align="left" class="em_wrapper" width="150" border="0" cellspacing="0" cellpadding="0" dir="ltr" style="width:150px"><tbody><tr><td align="center" valign="top" class="em_hide" style="padding-top:10px"><div class="mktoImg" id="img246db703c1-65b2-400c-8194-17cac33f6139"><a href="#" target="_blank"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/Corp-2024-06-07-Frankfurt.jpg" width="150" alt="Frankfurt" class="em_full_img" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:150px"></a> </div></td></tr><tr><td height="0" valign="top" align="center"><div class="em_hide_desktop" style="display:none; width:0; overflow:hidden; max-height:0px!important"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><td align="center" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><th align="center" valign="top"><div class="mktoImg" id="mob_image_90fd48de7-d4a5-49f8-bad2-31d74bfbb866"><a href="#" target="_blank"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/Corp-2024-06-07-Frankfurt.jpg" width="327" alt="Frankfurt" class="em_full_img" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:174px"></a> </div></th></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></th><th width="32" class="em_hide em_clear" style="width:32px"> </th><th valign="top" class="em_clear"><table align="right" class="em_wrapper" width="338" border="0" cellspacing="0" cellpadding="0" dir="ltr" style="width:338px"><tbody><tr><td align="center" valign="top" class="em_ptop24"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:12px; line-height:20px; font-weight:500; color:#115740; text-transform:uppercase; letter-spacing:2px"><div class="mktoText" id="text_6268b3ae29-3b6f-46f7-aa5e-7fa9ae32d867"><p>Vaibhav Tandon</p></div></td></tr><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:23px; line-height:32px; font-weight:500; color:#3D4042; padding-top:12px"><div class="mktoText" id="text_634ed11e55-4134-4614-a0f9-d704cd17942c"><p>The ECB Pulls The Trigger</p></div></td></tr><tr><td align="left" valign="middle" class="em_ptop em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:14px; line-height:20px; font-weight:400; color:#3D4042; padding-top:14px"><div class="mktoText" id="text_64663019e3-1b8d-4b92-b0ab-45c73037a0c9"><p>European disinflation allowed for a first cut, but the pace from here will be gradual.</p></div></td></tr><tr><td align="left" valign="top" style="padding-top:16px"><table align="left" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center" class="em_defaultlink em_txt_white em_dark" bgcolor="#115740" valign="middle" height="46" style="font-family:Equip,Arial,sans-serif; font-size:12px; height:46px; border:1px solid #3D4042; padding:0px 24px; color:#FFFFFF; letter-spacing:2.3px; font-weight:500; text-transform:uppercase"><a href="#" target="_blank" style="text-decoration:none; color:#FFFFFF; display:block; line-height:46px"><strong style="color:#FFFFFF; font-weight:normal"><strong style="color:#FFFFFF; font-weight:normal">Read Article</strong></strong></a></td></tr></tbody></table></td></tr><tr><td height="2" style="height:2px; font-size:0px; line-height:0px"><img alt="" src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/spacer.gif" height="1" width="1" border="0" style="max-height:1px; min-height:1px; display:block; max-width:1px"></td></tr></tbody></table></td></tr></tbody></table></th></tr></tbody></table></td><td width="40" class="em_hide" style="width:40px"> </td></tr></tbody></table></td></tr><tr class="mktoModule" id="medium_article_card_left_image_right_text__button96e24042-7cc6-4931-85da-9ed9cc6960f5"><td align="center" valign="top" bgcolor="#FFFFFF" class="em_dark" style="padding-top:20px; 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max-width:150px"></a> </div></td></tr><tr><td height="0" valign="top" align="center"><div class="em_hide_desktop" style="display:none; width:0; overflow:hidden; max-height:0px!important"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><td align="center" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tbody><tr><th align="center" valign="top"><div class="mktoImg" id="mob_image_9afd3689f-e524-4380-9d09-0fa7c9a98d39"><a href="#" target="_blank"><img src="https://pages.e.northerntrust.com/rs/504-ZYK-173/images/Corp-2024-06-07-gavel-in-front-of-american-flag-tv-screen.jpg" width="327" alt="gavel-in-front-of-american-flag-tv-screen" class="em_full_img" style="display:block; font-family:Verdana,Geneva,sans-serif; font-size:12px; line-height:15px; color:#000000; max-width:174px"></a> </div></th></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></th><th width="32" class="em_hide em_clear" style="width:32px"> </th><th valign="top" class="em_clear"><table align="right" class="em_wrapper" width="338" border="0" cellspacing="0" cellpadding="0" dir="ltr" style="width:338px"><tbody><tr><td align="center" valign="top" class="em_ptop24"><table align="center" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:12px; line-height:20px; font-weight:500; color:#115740; text-transform:uppercase; letter-spacing:2px"><div class="mktoText" id="text_625d705d7c-6a99-4558-a88c-418c7f549363"><p>Carl Tannenbaum</p></div></td></tr><tr><td align="left" valign="middle" class="em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:23px; line-height:32px; font-weight:500; color:#3D4042; padding-top:12px"><div class="mktoText" id="text_63516aff9e-bf1c-4f6f-be5f-f0fb14ce1165"><p>Treasury Auctions Are Becoming Hard Sales</p></div></td></tr><tr><td align="left" valign="middle" class="em_ptop em_txt_white" style="font-family:Equip,Arial,sans-serif; font-size:14px; line-height:20px; font-weight:400; color:#3D4042; padding-top:14px"><div class="mktoText" id="text_64ceb53d28-678d-4fce-9303-06bf0035e84d"><p>Demand for Treasuries has its limits.</p></div></td></tr><tr><td align="left" valign="top" style="padding-top:16px"><table align="left" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center" class="em_defaultlink em_txt_white em_dark" bgcolor="#115740" valign="middle" height="46" style="font-family:Equip,Arial,sans-serif; 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