You don't see major these kinds of fluctuations unless there's major maintenance going on, which is usually announced in the press.

In general it's a healthy profit taking move for the EM market, and for the domestic markets in Latin America as the stock and currency markets are coming off.

Both countries are convinced they're going to meet their future financing needs on the domestic markets.

People are starting to become weary of the inversion in the U.S. curve and in particular the yields that you receive in the 6-month and 2-year notes.

Overall, you have a very technical market pushing us to historical highs because once people got a feel for these higher levels, it has been an easy push to the upside and has been helped by lack of liquidity.

Latin America is finishing the year on a very strong tone.