Election angst is the motive force from right here

It is election week.

It does not get any larger than this in US politics and polls present this will probably be a razor-tight race. At the moment final week, Trump seemed to have an edge however some polling numbers over the weekend upended that and highlighted the likelihood that Harris is being underestimated.

None of it leaves anybody significantly assured and betting websites are cut up.

The shift in the direction of Harris on the weekend had seemingly put a bid into bonds, with 10-year yields down 7 bps to four.29% and USD/JPY down 105 pips.

S&P 500 futures are up 5 factors and the lone notable financial information is manufacturing unit orders at 10 am ET. We’re within the calm earlier than the storm now.

This text was written by Adam Button at www.ubaidahsan.com.



Source link