Market Flash
February 2, 2026
Daily commentary
February 4, 2026
Market Flash
February 2, 2026
Daily commentary
February 4, 2026

News

February 3, 2026

Daily commentary for February 3, 2026.

Avsecurities

Strong sales in US equities, with the Nasdaq falling 2% and the S&P 500 falling 1.26%, while Asia saw a recovery and Europe saw slight variations. Rates rose again in Europe, with the German 30-year yield reaching its highest level since 2011 (3.55%). In commodities, metals and energy rebounded, with gold and silver rising 5-6% and crude oil rising 2%. The dollar depreciated 0.3% and the VIX rose to 19 amid the equity selloff.

Venezuelan bonds followed a similar trend to yesterday, with demand for high-coupon securities, ending up 0.3 pts for sovereign bonds and 0.1-0.3 pts for PDVSA bonds, with low volumes.

In Latin American credits, we saw widespread selling, with Argentina and Ecuador falling 0.35 points and El Salvador's long bonds falling as much as 0.75 points, while the rest of the region fell 0.1-0.25 points.