The trading session in the U.S. closed with slight and mixed gains, as investors adopted a wait-and-see approach ahead of Nvidia’safter-hours earnings report—a key indicator of the state of the artificial intelligence sector. The Nasdaq rose 0.1% and the S&P 500 advanced 0.1%, while the Dow Jones fell 0.1%. In Asia, the mood was more positive, with the Nikkei rising 0.6%, the Kospi 1.0%, and the CSI 300 0.9%; in Europe, the Stoxx 600 fell 0.1%. In commodities, WTI fell 0.5% to $82.0, and Brent dropped 1.2% to $87.5, while gold retreated 1.4%, silver 0.8%, and copper 1.6%; agricultural commodities were the exception, rising 2.1%. In the bond market, there was a broad-based rally with a bear-flattening bias (short-term rates rose more than long-term rates, flattening the yield curve); the 2-year UST rose 4.5 bps, the 10-year UST rose 3.1 bps, and the 30-year UST rose 1.7 bps, while in Europe, the 10-year Bund rose 3.2 bps and the 10-year Gilt rose 4.7 bps. The DXY rose 0.2% to 99.2, and the VIX fell just 0.1 points to 15.3.

In the Venezuelan bond market, the sovereign yield curve rose by up to 0.3 points, and the PDVSA yield curve followed suit with increases of up to 0.1 points. Elecar was the exception, falling by 0.1 points, while PDV'20 closed flat. Trading volume was high by recent standards, with approximately USD 200 million traded in PDVSA securities.

On the Latin American credit front, Latin American yield curves showed mixed performance with a downward bias: Argentina fell 0.4 pts and Mexico 0.1 pts, while Brazil and Colombia closed virtually flat. Ecuador was one of the few markets to rise, up 0.2 pts, and El Salvador and the Dominican Republic closed flat. In the corporate sector, Pemex fell 0.1 points. Average volume.