Better-than-expected U.S. jobs data led to heavy selling in treasuries, leading to an increase in short rates by 13bps and long rates by 9bps, lowering the probability of Fed cuts implied by futures to -45bps, amid pressure from Trump on the Fed, who said he expects the cut to be "a full point." In equities, U.S. indices rose 1% on average, European indices rose 0.30%, and in Asia, mixed results of less than 0.5%. In commodities, energy rose 2% and metals and agriculture ended mixed. VIX fell to 17.

Venezuela and PDVSA had no major movement, seeing slightly more selling on the sovereign side, which fell 0.15pts vs flat PDVSA.

Latin American credits had a day of few eventualities, marked by changes of 0.25pts in both directions.