Daily commentary
December 3, 2025Daily commentary
December 5, 2025Daily commentary
December 3, 2025Daily commentary
December 5, 2025News
December 4, 2025
Daily commentary for December 4, 2025.
Treasuries fell alongside European sovereign bonds, with yields rising 4bps in the US and 3bps in Europe, against a slight decrease in the probability of a Fed rate cut next week to 93%. In equities, Asia and Europe rose, while US value stocks lagged behind and the S&P and Nasdaq rose at the end of the day after trading in the red for most of the day, in a session with little activity. On the commodities side, crude oil rose 1%, while metals and agriculture ended mixed. The VIX was stable at 16 and the dollar appreciated slightly to 99.
Venezuelan bonds fell 0.25-0.5 points, performing worse than sovereign bonds today. In a presentation by Delcy Rodríguez, she said that PDVSA's oil production rose to 1.167 million barrels per day.
Latin American credit ratings fell by 0.25-0.5 points, with Argentina sovereign and provincial ratings remaining flat.
