In Europe, we saw a rate hike of up to 8bps after European Central Bank officials gave indications that no further rate cuts are planned, while in the US, treasuries had a slight bear flattener (+4bps short, +1bp long); equities

In Venezuela, surprised news from the Wall Street Journal, which reported that Chevron may continue to extract oil in Venezuela, leading to a 1-1.5pts rally in both curves, which left some papers at their highest level since 2019; volumes were concentrated in the PDVSA mid and also the sovereign mid.

In Latin American credits, Argentina and Ecuador rose 0.35pts, leading the region, which otherwise had few relevant movements.