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Daily commentary of July 18, 2025.
Treasuries rose slightly, with yields falling 3bps, after a 2-3bps rise in Europe; while in equities, there were rises in Asia and slight variations in Europe and the US, ending the week with no relevant news. In commodities, metals rose, while energy and agriculture were mixed with 1% variations.
In Venezuela, news that El Salvador will send 250 Venezuelans who were imprisoned to Venezuela in exchange for the release of 10 Americans who were imprisoned in Venezuela, highlighted new negotiations between the US and Venezuela, leading to a 0.25-0.5pts advance in bonds, which touched their highest level in two months; flows focused on PDVSA mid and sovereign longs.
Latin American credits had a positive session, finishing up 0.25-0.5pts ...
