Overall Market Backdrop, October

• Strong performance was the order of the day for October for US equities, while other global developed equity markets posted positive returns with many equity indices hitting new highs during the course of the month.
• While it was all smooth sailing for equity markets, fixed-income had a slightly bumpy ride which meant that yields ended up finishing on close to their starting figures.
• UK suppliers struggled on the back of rising gas prices and the 10-Year Gilt pushed higher with additional support coming from news that the removal of central bank accommodation will most likely happen sooner rather than later

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