China and the US have not yet managed to finalize the tariffs agreement, but established an extension to the negotiation deadline to sign the agreement, leading to a rally in treasuries that caused yields to fall 5-10bps, leaving the long side below 4.86%. Equities had no major reaction, with American and Asian indices down 0.4% on average, while European indices rose up to 1%, remaining the best performers of the year. In commodities, crude oil rose by an additional 4% due to the threat of new sanctions by the US against Russia if they do not reach an agreement with Ukraine in the next 10 days, WTI remained close to $70 and Brent close to $73; on the other hand, metals rose and agriculture closed in the red. The dollar appreciated for the fourth consecutive day, rising 0.3% to its highest level (DXY 98.95) in six weeks.

Venezuela and PDVSA ended a very illiquid session, down 0.10pts on average.

In Latin American credits, long Pemex rose as much as 1pt, after President Sheinbaum said she will present her "rescue plan" for the company on Thursday; the rest the region was mixed 0.25pts, with most of the major names up.