Market Flash
March 17, 2026
Daily commentary
March 20, 2026
Market Flash
March 17, 2026
Daily commentary
March 20, 2026

News

March 17, 2026

Daily Commentary of March 17, 2026.

Avsecurities

It was a positive day for global fixed income, led by European sovereign bonds, whose yields fell by 5–7 basis points, while the Treasury yield curve also steepened across the board, with yields dropping by 2 basis points. In equities, Asia closed mixed, Europe posted gains of 0.5–1%, and the U.S. closed up 0.25–0.5% in a fairly stable session. On the commodities front, energy rose 3%, with WTI closing at $96 and Brent at $103 as pressure on the Strait of Hormuz persists and European countries refuse to cooperate with Trump to force the normalization of oil flows through the Strait. Agricultural commodities rose 0.5% on average, and among metals, base metals rose while precious metals fell slightly. The dollar depreciated by 0.10%, and the VIX fell to 22.5.

Venezuelan bonds saw strong demand in the afternoon following a report from Morgan Stanley recommending the purchase of Venezuelan bonds, which, according to its calculations, still have an upside of 33%. The Venezuelan yield curve rose by 0.75 percentage points on average, with the focus on long-term bonds, while PDVSA rose 0.4 percentage points, hitting a new high for the year, on average trading volumes.

Latin American bonds also had a strong session, with countries such as Argentina, Brazil, and Colombia gaining 0.5 percentage points, and spreads narrowing by 2–3 basis points.