Cross-Asset Volatility Spikes All Over the World on Growth Fears
- China’s Covid outbreak sparks growth, stagflation fears: Maley
- Yen one-month volatility jumps to highest since April 2020
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Markets around the world are in the throes of volatility, as growth fears in China break out just as Wall Street grapples with ever-more hawkish monetary policy in the age of elevated inflation.
U.S. stock fluctuations measured by the Cboe Volatility Index, or VIX, spiked to the highest level since mid-March in Monday trading. Yields on 10-year Treasuries broke a three-week slump to trade as much as 14 basis points lower. A broad measure of currency fluctuations is near its highest in a month.