US Election Will Have Sector-Level Impact on Credit, UBS Says
- Harris victory will benefit blue-chip capital goods, utilities
- Democratic win to be negative for telecoms, tech, banks, autos
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The outcome of the US presidential election will likely impact credit markets on a micro level rather than a macro one, according to UBS Group AG.
In the blue-chip bond market, a democratic victory would be supportive for basic industry, capital goods and utilities sectors, but a negative for telecoms, technology, banks, and autos, strategists including Matthew Mish wrote in a Wednesday report.