Bond volatility is beginning to diverge from both the VIX and the S&P 500. Still early, but worth watching.
Bond Vol StirringYesterday's jump in Treasury yields wasn't just notable for its size. Bond volatility also caught a bid, and several cross-asset relationships are beginning to diverge. It's far too early to call it a trend, but the rates market deserves a closer look.Moving
Everyone fears a second wave of inflation. Bond volatility doesn't.
History suggests the valuation headwind becomes much stronger once the 10-year moves meaningfully above 4.5%.
The fragile nature of the Middle East ceasefire agreement sent bonds into reverse on Thursday.
Markets are behaving as if volatility has been abolished. Meanwhile, bond vol is exploding, implied correlations remain…
Treasury yields have climbed to their highest levels since 2007 as the relationship between equities and bonds turns sharply…
Nobody sees a bubble. Everyone owns semis. Everyone fears inflation. Bond vol doesn't. Hmmmm...
