The relatively minor impact of the financial instability on Mexico’s yield curve seems to reflect the high proportion of long-term bonds within foreign holdings of peso-denominated government securities. Furthermore, during the last few months, the amount of long-term bonds held by foreigners increased slightly more than a reduction observed in holdings of short-term securities.
Distributional effects of the Riksbank’s measures, Monetary Policy report, November  2020. www.riksbank.se/globalassets/media/rapporter/ppr/fordjupningar/engelska/2020/distributional-effectsof-the-riksbanks-measures-article-in-monetary-policy-report-november-2020.pdf 3 John Rawls, A Theory of Justice. 1971. 4 See www.ecb.europa.eu/home/html/index.en.html  3/3  BIS central bankers' speeches