Last week, the global markets digested a stream of news, with equity markets trading to the downside. Short term traders in the securities markets, starved for some volatility, were rewarded for their patience. The VIX, a CBOE option and measure of volatility, spiked higher on Wednesday and Thursday, the last two trading days of July. Amid the increased volatility in the equity markets, the 10-year Treasury bond ended the week modestly lower in price to yield 2.50%.
The complete article is available online.
