Mexico's ex-post real short yield — the policy/short rate minus realized CPI inflation, a coarse read of EM real carry.
How to read Where MXN real short carry sits now — a present-state real-yield level, descriptive only.
Ex-post real short yield; EM spot is distorted by NDF/onshore-offshore spreads and FX intervention — a coarse present read, never a vulnerability score or forecast. (MXN only; BRL has no free FRED short rate.)