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Insights
Monthly Cash Review - October 2020
October’s headlines were largely concentrated on November’s US election. The historically divisive election
has been the main focus for the US, as well as other parts of the world, for the better part of 2020. Due to the
large amount of mail-in ballots as a result of the ongoing pandemic, we won’t know the outcome for potentially
days if not weeks.
Looking at the cash markets, the election has had very little or no impact on rates or liquidity,
thus far. Here is the month in summary:
- Economic indicators turned broadly positive over the month given the results of a larger economic ‘reopening.’ Indicators are expected to turn negative as infection rates trend higher and restricted economic activity is anticipated.
- Negotiations on the next fiscal deal were delayed multiple times. It is expected Congress will come to an agreement post-election.