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With the Pacific G10 Macro Rates Team 
Italian and French COVID cases turned the corner, the USA and Japan reported increases and the UK announced a transition out of national measures. A Brexit deal was nearly agreed, but not quite, again. 

With the Pacific G10 Macro Rates Team 
Another week, another Covid-19 vaccine to save humanity and the economy. This time it was Moderna with a 95% efficacy and a more practical storage temperature at fridge type levels rather than -80c for Pfizer’s offering. This however did not kick off the same positive market surge as the previous week’s news, as increasing numbers of COVID19 cases and further lockdowns in the US dampened growth expectations and caused rates to rally. Broad indices for stocks and currencies ended little changed on the week. Oil bucked the mood, rallying on continued optimism that future growth will increase demand. 

With the Pacific G10 Macro Rates Team 
The big news of the week was Pfizer announcing a viable vaccine with a 90% success rate in preventing Covid-19 infections. One should pause for thought at this, it is a truly astounding achievement. Within 9 months a vaccine to a pathogen that was unknown to humanity has been created and shown to be effective. Bravo to the medical world! 

The Optimisation Conundrum: Assessing the role of bonds within traditional investment funds by the Pacific G10 Macro Rates Team.

The Pacific G10 Macro Rates team spoke to Investment Week on a paper they have recently written which assesses the role of bonds within traditional investment funds. 

With the Pacific G10 Macro Rates Team 
Last week was all about the US election, the market and indeed the world was transfixed on vote counts and electoral college seats. 

CIO Monthly View with Will Bartleet, CIO and multi-asset portfolio manager at Pacific Asset Management
 

CIO Monthly View with Will Bartleet, CIO and multi-asset portfolio manager at Pacific Asset Management

Market volatility picked up during September, as concerns over the rise in COVID cases amongst European nations led many countries to re-introduce lockdown measures put in place to slow the spread of the virus. Whilst the rise in cases across Europe has been alarming, there was comfort that in most countries this did not coincide with equal increases in hospitalisations. The global economic recovery continued, albeit at a slower pace, with US unemployment falling from 10.2% to 8.4%. Extensions to support packages were also announced, with the aim of mitigating some of the economic impacts of these further lockdown measures; in the UK, Chancellor Rishi Sunak announced a new Job Support Scheme starting next month. In the US, President Trump and Joe Biden locked horns in a fractious televised debate ahead of the election in November.  

With the Pacific G10 Macro Rates Team 
The week started with a bang as BTP’s rallied 8bp after S&P unexpectedly upgraded Italy post the Friday close. 

CIO Monthly View with Will Bartleet, CIO and multi-asset portfolio manager at Pacific Asset Management

Market volatility picked up during September, as concerns over the rise in COVID cases amongst European nations led many countries to re-introduce lockdown measures put in place to slow the spread of the virus. Whilst the rise in cases across Europe has been alarming, there was comfort that in most countries this did not coincide with equal increases in hospitalisations. The global economic recovery continued, albeit at a slower pace, with US unemployment falling from 10.2% to 8.4%. Extensions to support packages were also announced, with the aim of mitigating some of the economic impacts of these further lockdown measures; in the UK, Chancellor Rishi Sunak announced a new Job Support Scheme starting next month. In the US, President Trump and Joe Biden locked horns in a fractious televised debate ahead of the election in November.