Treasuries closed flat, while rates in Europe and Latin America fell, amid a rally in Asian and some European equities, which were joined by buying, particularly in the Nasdaq, which closed in the green along with the S&P500. In commodities, energy fell slightly as did metals, while gold and silver continue to make new records, closing above $4200 and $53, respectively. VIX was stable at 20 and the dollar depreciated 0.2%, leaving the DXY at 98.75.

A NYT report mentioning that the CIA authorized covert operations in Venezuela boosted bonds, which close 0.5pts above yesterday's levels, marking new highs since 2019 for almost all bonds.

In Latin American credits, Argentina started 1.5pts up, then eased to almost flat on the day before having a further 2pt rally on Bessent's comments that Argentina's total aid would total up to $40Bn and more peso buying, but the rally dissipated in the afternoon and bonds only closed +0.5pts on the day. The rest of the region had a risk-on tone as well, remaining between +0.25-0.75pts, with Petrobras and Pemex among the positives.