Bonds in hardest-hit sectors poised to recover

GLOBAL economies are recovering thanks to low interest rates, an improving health situation, and continued government support for businesses. We think it is time to look at industries that were hardest hit by the pandemic.

America's new president Joe Biden is likely to be very different from his predecessor. For one, the president is not a frequent Twitter user so there will understandably be fewer tweets from the White House. His management style is also less likely to be loyalty-focused and president-centred, while adopting a more cooperative and reconciliatory tone to conflict-management.

Market observers expect the new administration to focus on policies that will rebuild the US economy. One of the first priorities is to deal with the pandemic and to ensure a quick deployment of vaccines to the entire population. Virus infection rates have been slowing in parts of the country but they remain at an elevated level.