June 22, 2026

Due to the Emancipation Day holiday, there was no trading in the United States on Friday

International

Bond and stock markets were closed last Friday, June 19, for the Emancipation Day holiday. Thursday marked the end of the week with widespread gains in stock indices. The S&P 500 rose 1.1%, while the Nasdaq advanced 1.9%, and the Dow Jones gained 0.1%. Year to date, the indices have accumulated gains of 9.6%, 14.1%, and 7.3%, respectively.

After a weekend marked by geopolitical tensions, Iran stated this morning that there had been “significant progress” in talks with the United States. On Saturday, Iran had announced that the Strait of Hormuz could be closed again because Israel continued to attack Lebanon, which it considered a violation of the agreement signed last week. Oil prices remained stable this morning, with Brent crude hovering around $79 per barrel.

Meanwhile, the US Treasury yield curve remained largely unchanged after Wednesday's high volatility. Specifically, the 1-year Treasury note held steady at 3.97%, while the 3-year Treasury note moved slightly from 4.21% to 4.19%. Finally, the 10-year Treasury note saw a slight decrease from 4.49% to 4.45%.

Lastly, it's worth noting that the second round of the presidential elections in Colombia took place yesterday. Although the final count is still underway and the technical outcome remains uncertain, Abelardo de la Espriella, candidate for the Defenders of the Homeland party, is leading in the preliminary count against the ruling party's candidate, Iván Cepeda. Given this situation, Colombian sovereign bonds and stocks have reacted positively.

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