
With the Pacific G10 Macro Rates Team
Fear and pessimism returned to the financial markets last week with risk assets underperforming against the safe havens. Despite the positive
data coming out from the G10 economies sending the Citi Economic Surprise index to the highest levels since early 2018. Fears of a second wave in the
US were increasing all week as new COVID-19 cases continued to soar in the Southern States.