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: