Global Market Volatility Now a ‘Made in the U.S.A.’ Phenomenon
- Implied volatility of U.S. stocks runs higher than in Europe
- Rising rates, Trump comments helping America export turbulence
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The U.S. is home to the world’s largest economy, the global reserve currency -- and now, the rebirth of market volatility.
For the first time since the financial crisis, angst emanating across asset classes has an America-centric genesis. U.S. equity volatility has awoken from a long slumber to outpace its European equivalent, fixed-income traders worldwide are grappling with a 10-year Treasury yield that just cracked a significant psychological milestone, and two-year borrowing costs have reached their highest level since 2008.