Wall Street optimism drove stocks higher. Rising amid an easing of tensions in the Middle East and balanced comments from Federal Reserve Chairman Jerome Powell on the outlook for rate cuts. Treasury yields and the dollar fell. Oil plunged.

The S&P 500 rose 1.3% and the Nasdaq 100 rose 1.6%, reaching its first record high since February. WestTexas fell almost 15% in two sessions to settle near $64 per barrel. Two-year yields fell to their lowest level since early May. Markets are pricing in two Fed cuts by the end of 2025, the VIX down 12.5% at 17.43.

Israel and Iran appeared to be complying with a cease-fire agreement unexpectedly announced by U.S. Pres. Donald Trump overnight, after the U.S. leader reacted angrily to early breaches of the agreement by both sides. He is now in the Netherlands meeting with NATO.

VENEZ and Pdvsa flat bonds with no volume due to Local holiday

 

Latin American bonds Argentina +1.5 pts Province of Buenos Aires +1.00 pts Ecuador +0.70 pts.