Good session for European and US equities, with the main indices rising up to 1%, led by the Nasdaq in the US and France's CAC40 in Europe despite the political crisis. In rates, treasuries closed flat after trading in the green for most of the day, while in Europe rates fell 2-6bps. On the commodities side, crude oil gained 1%, advancing along with agriculture and gold and silver, which set new all-time records, finally breaking $4000/oz in the case of gold. The dollar appreciated 0.3% to near 99 on the DXY, while the VIX fell to 16.4.

Venezuela and PDVSA remain in demand, particularly the oil company's bonds which have closed the spread versus sovereigns, gaining as much as 0.25pts today vs. 0.10pts for sovereigns. PDV'20 has remained stable trading at 98 handle.

In Latin American credits, Argentina traded almost 1.5pts lower throughout the day, but a wave of aggressive buying in the late afternoon left bonds flat; Ecuador did close with the 1pt drop it had since the morning, while the rest of the region's major names closed between flat and up 0.5pts with above average volumes.