Mexican stocks, bonds, peso fall on U.S. rate view

(Adds detail on Mexico and U.S. economies, prices)

MEXICO CITY, June 8 (Reuters) - Mexican stocks and the peso fell on Monday, as markets around the world were hit by expectations the U.S. Federal Reserve could tighten interest rates sooner than anticipated.

The IPC stock index .MXX slipped 1.12 percent to 24,632 points.

Mexico's peso MXN=MEX01 weakened 1.07 percent to 13.43 per U.S. dollar.

Better-than-expected U.S. jobs data on Friday increased expectations the U.S. recession will end later this year, helping push some U.S. Treasury yields to seven month highs as expectations rose that the possible timing of the first Fed rate hike might be advanced to late 2009 from early 2010.

Higher U.S. interest rates would make Mexican assets relatively less attractive.

"The driving factor this week will be the strengthening of the dollar against the majors following Friday's mixed U.S. employment report and the sell-off in the short-end of the U.S. yield curve," said HSBC in a note to clients, referring to Latin American currencies.

The yield on Mexico's 10-year government peso bond MX10YT=RR rose 7 basis points to 8.09 percent.

In stock trading, Cemex (CMXCPO.MX), struggling to restructure $14.5 billion in bank debt, dipped 2.34 percent to 13.34 pesos.

Bread baker Bimbo (BIMBOA.MX) lost 2.80 percent to 69.9 pesos. (Reporting by Noel Randewich; Editing by Theodore d'Afflisio)