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VIX Soars as Markets Rush for Cover on Financial Contagion Risk

Options gauge Cboe Volatility Index (VIX) exceeds 30 for first time since last October. VIX curve inverted Monday by most in almost a year, while two-year Treasury yields tumbled 96 basis points.

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  • Options gauge Cboe Volatility Index (VIX) exceeds 30 for first time since last October.
  • VIX futures contracts more expensive for near-dated contracts than three months ahead.
  • VIX curve inverted Monday by most in almost a year.
  • Shares of regional banks kept bleeding.
  • Two-year Treasury yields tumbled 96 basis points over three sessions.
VIX Soars as Markets Rush for Cover on Financial Contagion Risk
Fears that failures at US regional lenders including Silicon Valley Bank could portend a much bigger issue are sweeping across the globe, prompting Wall Street traders to seek shelter in the options market.
BloombergLu Wang

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