The 30-year Treasury yield hit its highest level since 2007 in the morning, reaching 5.15% before recovering to close at 5.05% (-5 bps average curve) following Congress's approval of its tax proposal, which is expected to further increase the US fiscal deficit. Equities gave back the day's gains in late afternoon trading, with the Dow and S&P closing flat and the Nasdaq slightly higher following declines in Asia and Europe; while commodities closed mixed, with a mostly negative trend following a 0.4% recovery in the dollar. The VIX fell to 19.5.

Venezuela and PDVSA returned 0.75 points in response to tweets from Secretary of State Marco Rubio, in which he said Venezuela's oil license will expire next week as planned, contradicting the expected two-month extension for Chevron.

Latin American credits saw few significant changes, with El Salvador's long-term bonds falling 1pt, while the rest of the region saw changes of 0.25pt in both directions.