Little movement in the markets to end the week, with U.S. equities slightly up and both European and Asian equities down, the latter being the session's underperformers, falling almost 1%; while in fixed income, European rates rose marginally and U.S. rates remained flat. Commodities retreated in the face of a 0.25% appreciation of the dollar, with major global commodities falling 1-1.5%, including gold, crude oil and coffee. VIX fell to 15, a new low since February of this year.

Venezuela and PDVSA had flow in both directions, with hedge funds being the biggest buyers since yesterday and private banks the main sellers, with prices today slightly up on the sovereign side and basically flat pdvsa.

In Latin American credit, sovereign Argentina led the region by 0.5pts after the disbursement of $2Bn by the IMF was confirmed following the conclusion of the review, and the rest of the region was mixed by 0.25pts.