Contested election creates more volatility for CB investors

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Contested election creates more volatility for CB investors

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A view of the New York Stock Exchange in Wall Street with US national flag on Election Day. On November 3, 2020, the United States elects its president and vice president, 35 Senators, all 435 members of the House of Representatives, 13 governors of 11 states and two US territories, as well as state and local government officials. Incumbent Republican President Donald Trump and Democratic Party nominee Joe Biden are running for president. (Photo by John Nacion/NurPhoto) | John Nacion/NurPhoto/PA Images

Convertible bond investors are preparing for elevated levels of volatility in the wake of the extremely close US election results, but many are waiting for more results in key states before taking a view on the direction of the market.

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