The U.S. reached an agreement with Iran to suspend its nuclear program, triggering a new wave of risk-on sentiment, with European and Asian equities rising by more than 1%, alongside a rally in bond yields, as European yields fell by up to 12 basis points and U.S. yields by 6 basis points. In energy, WTI fell 11% to $84 and Brent 9% to $90; gold and silver rose 1.5% and 4%, respectively, while base metals and agriculture fell 1-2%. The VIX fell to 17.4.

Venezuelan bonds opened 1–1.5 points higher on the day, but heavy selling mid-morning wiped out all of the gains.

Latin American bonds rose by 0.5–1 percentage point, with Costa Rica and the Dominican Republic among the day’s top performers.