Capital markets pray for decisive US election victory

By Aidan Gregory, Frank Jackman, Lewis McLellan, Mariam Meskin, Mike Turner, Sam Kerr
29 Oct 2020

The US presidential election is next week but, unlike the rest of the world, capital markets professionals are not rooting for Joe Biden or the incumbent, Donald Trump, to win. Instead, they just want a clear result that will spur issuance for the rest of the year. Sam Kerr, Mike Turner, Lewis McLellan, Mariam Meskin, Frank Jackman and Aidan Gregory report.

Capital markets bankers and investors could stomach either candidate winning the election, but fear that a contested result would be detrimental for issuance for the rest of the year and into the next.

The latest polls point to a big victory for the Democrat Biden. If the Democrats ...

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