Thanks for doing the math, I didn't take the time.
FWIW 3.25% happens to be exactly what a term deposit will pay here in mexico for 90 days+
I understand that banks in other countries wouldn't do that, however you don't have to take much more risk over a bank to get 3.25% in most of the world I would imagine
By the way, what's the price of gasoline currently in Mexico? My impression is that it's historically been a regulated price, but I read something a while ago that said it was moving toward deregulation. I wasn't clear if this meant the price was expected to go up or down.
FWIW 3.25% happens to be exactly what a term deposit will pay here in mexico for 90 days+
I understand that banks in other countries wouldn't do that, however you don't have to take much more risk over a bank to get 3.25% in most of the world I would imagine