February 25, 2026

Daily commentary

Global risk appetite, driven by Japanese equities and followed by European and American equities, whose indices have recovered much of the decline of the last two weeks; Treasuries saw a negligible decline (yields +2bps) and European sovereigns were flat. In commodities, energy and agriculture saw slight gains...
February 24, 2026

Market Flash

Yields on U.S. Treasury bonds ended their downward trend and rebounded during the week, as the fourth-quarter earnings season drew to a close and inflation data reports were expected. The Federal Reserve released the minutes of its January meeting...
February 24, 2026

Daily commentary

Recovery in US equities, with the main indices rising 0.8% on average after a session without significant movements in Europe and mixed results in Asia following several days of closure in relation to the Chinese New Year in several markets. Treasuries...
February 23, 2026

Daily commentary

Treasuries advanced (yields -4-6bps) alongside European sovereign bonds, acting as a safe haven amid equity sell-offs, which remain erratic, with US indices falling 1% on average and European indices falling 0.25% with Asia closed. In commodities, metals...
February 17, 2026

Daily commentary

A volatile session to start the week, with the Nasdaq falling more than 1% at one point, but ending in the green after a positive day in Asia and Europe. Treasuries closed with a slight bear flattener, with short-term bonds falling and medium- and long-term bonds closing flat, while...
February 13, 2026

Daily commentary

Treasuries rose for the fourth time in five sessions, with the short end of the curve at its lowest yield in six months, while the spread with the long end remains close to the high for this period, at 124bps for the 2y-10y and 129bps for the 2y-30y. US equities...
February 12, 2026

Daily commentary

Treasuries rose sharply in a marked risk-off session despite no news or impactful data, with long-term yields falling by up to 8bps to their lowest level in three months. In equities, the Nasdaq fell 2% and the S&P 500 1.5%, following negative sessions in Asia...