Is it the Fed that has changed... or the world around it?

Treasuries Yields Plunged, Hiting Historic Lows. VIX Soared To 32

BBVA Research | Covi-19 jolts equities and sovereign yields again as mounting coronavirus cases outside China dashed hopes that the outbreak had been contained. U.S. Treasury 10Yyield hit historic lows, dropping below 1.30%. Elsewhere, the WHO stated that the covid-19 has the potential to become a pandemic, while the U.S. warned not to travel to Spain to avoid potential dangers.

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Wednesday’s quick graph: market volatility feels tired

The Chicago Board Options Exchange Volatility Index (VIX) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world’s premier barometer of investor sentiment and market volatility. And analysts at Morgan Stanley pointed out on Wednesday that it is at is lowest level in the last five years.