Miner Company
Volatility Falls On Ceasefire Hopes, Yet Caution Remains
Interest rate volatility declined the most, with the VIXTLT Index falling over 31 pts wk/wk to 85 bps vol as Powell signaled the Fed will take a “wait and see” approach to any energy-driven inflation increase. The decline in SPX call skew and call convexity contributed over 2 pts to the 7 pt decline in the VIX Index last week.
Interest rate volatility declined the most, with the VIXTLT Index falling over 31 pts wk/wk to 85 bps vol as Powell signaled the Fed will take a “wait and see” approach to any energy-driven inflation increase. The decline in SPX call skew and call convexity contributed over 2 pts to the 7 pt decline in the VIX Index last week.