Rates rose 3bps in the US, accompanying an equivalent movement in Europe, which ended with news of a weak 30-year Treasury auction. In equities, indices fell in the US and Europe, the exception being Asia, where the Japanese Nikkei gained 1.77%. In commodities, crude oil fell 1.6%, while gold fell below the $4000 level by 1.6%, while silver crossed $50 for the first time in its history but closed slightly lower. The VIX was flat at 16.4 and the dollar appreciated 0.4% to 99.4, its most-something level since late July.

Venezuela and PDVSA were in demand at the start of the session, but had selling at the close that left prices between flat and down 0.10pts. On the news side, the US granted a license to Trinidad for the Dragon gas project with Venezuela.

In Latin American credits, Argentina was once again the focus, on confirmation of details of the swap line with the US as well as the US buying pesos for the first time in the market, which led bonds to close +5pts and an appreciation of the peso in the parallel market from ARS/USD 1550 to 1450. Elsewhere in the region, Ecuador rose 1.25pts and the other names fell 0.5pts on average.