US elections and geopolitical risks hint at volatile November for Asian bonds

With less than twenty days to the US Presidential elections, markets are watching the campaign with baited breath as they await the decision of the American people. Most investors are hoping for a Biden presidency cohabiting with a Republican senate. While Biden will stabilise the broader geopolitical environment, so the reasoning goes, the Republicans will block a promised tax hike from the Democratic candidate should he win the White House in November.