Following reports that Iran would suspend negotiations with the U.S. due to Israel’s attacks in Lebanon, Trump said the negotiations are moving forward “quickly,” causing further confusion in the market, which ended with oil up 5% after having risen as much as 8%, and Treasuries down (yields up 4–5 bps), but having recovered half of the decline, and U.S. indices in positive territory; earlier, European equities fell and Asian markets closed mixed. In other commodities, the VIX rose to 16.

Venezuelan bonds ended the day essentially flat, with supply of sovereign bonds being absorbed by the market without any major issues, and increased demand for PDVSA bonds, particularly in the mid-tier segment.

In Latin America, the focus was on Colombia following Abelardo de la Espriella’s (right) unexpected victory in the first round, with 43.7% of the vote, which will take him to the runoff against Iván Cepeda (left); Colombian bonds rose 3–4 points, while the rest of the region was mixed, down 0.25 points.