Indications that the US would intervene directly in the Israel-Iran conflict caused a new risk-off wave. In which we saw demand for treasuries, where yields fell up to 7bps, erasing a good part of yesterday's pullback; while in equities we saw falls of up to 1% globally. Oil had a new 5% rally, touching $75 WTI and $77, showing a new escalation of the conflict, while metals and agriculture closed mixed. VIX rose to 21.

Venezuela and PDVSA had activity in both directions, with prices remaining largely unchanged, seeing significant volume in the PDV'20 that traded in the 91-92 context.

Latin American credits had a mostly weak session, closing between flat and down 0.5pts, with sovereign Argentina and Ecuador among the worst performers on the day.