Without much in terms of news or data, we saw a 3-4bps increase in Treasury yields after a flat session in Europe in terms of rates, accompanied by a slight drop in equity indices after advances in Asia and minor movements in Europe. In commodities, the day was very similar to yesterday's, with crude oil up 2% and small negative variations in most agricultural items.

In Venezuela and PDVSA we saw marginally lower prices, with volumes remaining at limited levels and no significant news.

In Latin American credits, Argentina continues to take the spotlight, following further details of the US support plan for the country, which would include a $20Bn swap line and potential debt purchases in the primary and secondary markets; bonds rose 3pts on the day.