Market Wrap - September 2021
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Australia’s Covid vaccination rate is now around 67% fully vaccinated. On the current trajectory, enough vaccines should have been administered to enable restrictions in Sydney and Melbourne to be lifted completely by the end of 2021.
With the next Federal Election little over six months away, a relaxation of the restrictions and a full re- opening of the economy is becoming increasingly important politically.
There was increasing discussion about the possibility of interest rate increases in key regions, to counteract gathering inflationary
pressures. This saw bond yields rise, and adversely affected the performance of fixed income markets.
In spite of the generally positive mood investors remained concerned by the ongoing spread of the Delta variant of Covid-19, and whether it could derail the recovery in major economies.
