IBOV 177,158.86 ▲ 1.88% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,304,918 ▲ 2.22% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL5.07▼ 0.91% USD/MXN17.34▼ 0.53% USD/CLP925.97▼ 0.82% USD/COP3,116▼ 2.96% USD/PEN3.38▼ 0.56% USD/ARS1,489▼ 0.47% USD/UYU40.22▲ 1.47% USD/PYG5,941▲ 0.68% USD/BOB11.80▲ 5.19% USD/DOP 57.90 — 0.00% USD/CRC449.30▲ 1.51% USD/GTQ7.63▲ 2.33% USD/HNL26.76▲ 0.31% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.14% USD/TTD6.75▲ 1.19% EUR/BRL5.84— 0.00% BRENT 89.38 ▼ 1.50% WTI 83.95 ▼ 0.60% IRON ORE 161.91 — — COPPER 6.50 ▲ 3.62% GOLD 4,166 ▲ 3.26% SILVER 59.24 ▲ 2.37% SOY 1,189 ▲ 0.89% CORN 468.50 ▲ 4.34% WHEAT 663.50 ▲ 0.42% COFFEE 324.50 ▼ 0.40% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.10 ▲ 3.95% COCOA 5,118 ▼ 1.29% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.71 ▲ 1.25% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 380.75 ▲ 0.24% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.50 ▲ 0.67% TGS 9,810 ▲ 3.15% CEPU 2,404 ▲ 4.93% MIRGOR 16,675 ▲ 0.76% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 297.00 ▼ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 64,866 ▲ 1.50% ETH 1,926 ▲ 0.93% SOL 74.64 ▲ 1.42% XRP 1.09 ▲ 1.19% BNB 592.60 ▲ 3.71% ADA 0.17 ▲ 4.87% DOGE 0.07 ▲ 0.92% AVAX 6.46 ▲ 0.61% LINK 8.49 ▲ 1.97% DOT 0.77 ▲ 0.83% LTC 45.72 ▲ 0.68% BCH 217.03 ▲ 2.79% TRX 0.33 ▲ 1.04% XLM 0.17 ▲ 0.39% HBAR 0.07 ▲ 1.45% NEAR 1.68 ▲ 3.52% ATOM 1.28 ▲ 0.07% AAVE 99.48 ▲ 3.57% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR16.50▼ 0.93% USD/NGN 1,362 — 0.00% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY159.85▼ 2.17% USD/CNY6.74▼ 0.38% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD 1.1529 — 0.00% GBP/USD1.35▲ 1.34% SPX 7,438 ▲ 1.66% DJI 52,208 ▲ 1.19% NDX 28,106 ▲ 3.36% RUT 2,946 ▲ 1.37% TSX 35,506 ▲ 0.49% VIX 17.09 ▼ 17.28% USD/CAD1.40▼ 0.28% US10Y 4.6630 ▲ 0.89% IBOV 177,158.86 ▲ 1.88% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,304,918 ▲ 2.22% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▼ 0.91% USD/MXN 17.34 ▼ 0.53% USD/CLP 925.97 ▼ 0.82% USD/COP 3,116 ▼ 2.96% USD/PEN 3.38 ▼ 0.56% USD/ARS 1,489 ▼ 0.47% USD/UYU 40.22 ▲ 1.47% USD/PYG 5,941 ▲ 0.68% USD/BOB 11.80 ▲ 5.19% USD/DOP 57.90 — 0.00% USD/CRC 449.30 ▲ 1.51% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.76 ▲ 0.31% USD/NIO 36.62 ▼ 0.15% USD/VES 743.77 ▲ 0.25% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.34% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.84 ▲ 0.00% BRENT 89.38 ▼ 1.50% WTI 83.95 ▼ 0.60% IRON ORE 161.91 — — COPPER 6.50 ▲ 3.62% GOLD 4,166 ▲ 3.26% SILVER 59.24 ▲ 2.37% SOY 1,189 ▲ 0.89% CORN 468.50 ▲ 4.34% WHEAT 663.50 ▲ 0.42% COFFEE 324.50 ▼ 0.40% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.10 ▲ 3.95% COCOA 5,118 ▼ 1.29% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.71 ▲ 1.25% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 380.75 ▲ 0.24% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.50 ▲ 0.67% TGS 9,810 ▲ 3.15% CEPU 2,404 ▲ 4.93% MIRGOR 16,675 ▲ 0.76% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 297.00 ▼ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 64,866 ▲ 1.50% ETH 1,926 ▲ 0.93% SOL 74.64 ▲ 1.42% XRP 1.09 ▲ 1.19% BNB 592.60 ▲ 3.71% ADA 0.17 ▲ 4.87% DOGE 0.07 ▲ 0.92% AVAX 6.46 ▲ 0.61% LINK 8.49 ▲ 1.97% DOT 0.77 ▲ 0.83% LTC 45.72 ▲ 0.68% BCH 217.03 ▲ 2.79% TRX 0.33 ▲ 1.04% XLM 0.17 ▲ 0.39% HBAR 0.07 ▲ 1.45% NEAR 1.68 ▲ 3.52% ATOM 1.28 ▲ 0.07% AAVE 99.48 ▲ 3.57% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR 16.50 ▼ 0.20% USD/NGN 1,362 — 0.00% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY 159.91 ▲ 0.19% USD/CNY 6.7408 ▼ 0.04% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD 1.1529 — 0.00% GBP/USD 1.3463 ▼ 0.01% SPX 7,438 ▲ 1.66% DJI 52,208 ▲ 1.19% NDX 28,106 ▲ 3.36% RUT 2,946 ▲ 1.37% TSX 35,506 ▲ 0.49% VIX 17.09 ▼ 17.28% USD/CAD 1.4010 ▼ 0.01% US10Y 4.6630 ▲ 0.89%
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Covid-19: Fully vaccinated people in UK suffer much higher infection rates than unvaccinated, and it’s getting worse every day

By · November 1, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – The majority of the U.K.’s vaccinated population suffers from much higher infection rates than the unvaccinated population, and the situation is getting worse every day.

The U.K. Department of Health released detailed Covid statistics broken down by age group and vaccination status over the past seven weeks. This means essential questions can now be answered.

The agency says most of those vaccinated have much higher infection rates, and its latest graph provides a snapshot:

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All vaccinated people over 30 in the U.K. now have much higher infection rates than their unvaccinated peers. However, this says nothing about how this has happened or how it will develop. Here we present the agency’s data in a time series to better understand the trends and impact.

The United Kingdom has primarily vaccinated its population in the order of age, from oldest to youngest, and has only recently begun vaccinating those under 18. As the most recently vaccinated people in the U.K., they have a very high level of resistance to Covid infection:

This newly vaccinated cohort benefits from a 90% improvement in their infection rates, meaning their case frequency is ten times better than their unvaccinated peers. This is impressive and raises the question of how long this high level of protection can last.

The answer, unfortunately, seems to be not much:

The last British age group to be vaccinated was 18- to 29-year-olds, half of whom were fully vaccinated about nine weeks ago. Although they are still doing better than the unvaccinated age group, they have lost most of their relative resistance to infection. If they continue their development, this advantage will be gone entirely by week 12.

The age group that was vaccinated earliest was the 30-39 age cohort. Half were fully immunized by about week 27 and had lost their increased resistance to infection by week 39 (again, about 12 weeks later). At least in these two cohorts, vaccine-induced immunity appears to have been reduced to zero in less than three months.

Unfortunately, it does not stop there, as the data show that those vaccinated slipped into negative territory, raising the question of how all previously vaccinated cohorts are doing now.

As for susceptibility to infection, the answer is not so good:

The entire cohort of 40- to 79-year-olds who have been vaccinated is trending strongly negative, now below minus 50%, meaning that the infection rate among them is more than double that of their unvaccinated peers, with no end in sight; given the persistent and strongly negative trend among all adult cohorts, it is impossible to guess where or when the bottom might be reached.

But is the trend the result of increased susceptibility among the vaccinated, or is more excellent resistance developing among the unvaccinated? The answer appears to be both:

Unvaccinated adults have significantly lower infection rates, but among the vaccinated, things are going in the other direction:

This raises the question: Why do the vaccinated suffer from rising infection rates, while the case rates of the unvaccinated have declined and are lower? Surely we should expect the vaccinated to be doing better, not worse.

However, for all but one cohort of adults, the opposite is accurate, and even for them, it does not appear to be permanent:

It has been suggested that the infection of the unvaccinated has produced a solid natural immunity, leading to their herd immunity. This may be a factor, but as we have seen, the vaccinated have also become infected, and to a much greater extent, at least in the 40-79 age group. Why shouldn’t the vaccinated also benefit?

Is it to be understood that infection after vaccination cannot produce similarly broad immunity?

Vaccination is intended to alter the immune response after infection, which is, of course, the goal; it is conceivable that this altered response could dampen the development of broad and long-lasting immunity that otherwise typically results from natural infection.

This could contribute to the vaccinated being at higher risk of re-infection and could explain these results. But this remains speculation; we do not know today.

What we do know from the U.K. data that anyone vaccinated more than a few months ago is at a much higher risk of covid infection and, therefore, much more likely to be infected than their unvaccinated counterparts.

Much has been said and written to show that the vaccinated are equally capable of transmitting Covid. However, because their symptoms tend to be milder, they are also more likely to be out and about; add to this is the increased infection rates. No doubt, vaccinated now pose the most significant risk for Covid transmission.

Against this background, vaccination cards are not only clearly pointless; they are nothing more than an invitation to infection for which there can be no justification.

Data source: U.K. Health Safety Agency COVID-19 Vaccine Surveillance Reports weeks 36-42. Read the UKHSA report here.

Infection rate data for the above:

Relative infection rates derived from UK Health Safety Agency data:

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