The content has been shared, if you want to share this content with other users click here.
Foreign-held Mexican debt plummeted 11.8%, or nearly US$13bn, in the five days following Donald Trump's astonishing win in the US presidential election.
The Mexican peso's 12.7% depreciation during that period drove the sell-off which led the amount of debt in foreign hands to drop to US$95.98bn from US$108.9bn, a four-year low, according to a report from local news outlet El Financiero, which cited central bank data.
Overall, foreign-held instruments, including peso-dominated bonds issued by the central bank, fell 0.6%.
Seeing a potential turnaround, Santander analyst Rafael Camarena said in the report that, while there has been a strong outflow, the situation appears to be settling if viewed in terms of the peso.
"The issue is that the spreads have expanded, the differences in the rates on peso-paying bonds," he said in the report. "The variable that is generating noise is the exchange rate, but typically, what happens when foreign investors see a high exchange rate and attractive spreads, they once again build their position in the market."
The currency took an early hit with the US election, hitting a low of 21.39 pesos to the US dollar, but has since recovered somewhat, trading late Friday at 20.65 per dollar.