MEXICO: Bonds Plummet On Calderon Woes With Congressional Foes.

BLOOMBERG/
Mexico’s dollar bonds showed their biggest monthly declines since January on fears that President Felipe Calderon will fail in cutting the budget gap to avoid a credit downgrade. Investors are unloading Mexican bonds as the opposition-controlled congress challenges Calderon’s plan to increase taxes and narrow a budget gap that may grow to be the widest in two decades on low oil revenues.