Should we worry about the flattening of the yield curve?
by Niall O'Connor
- Volatilities declined from their very elevated levels of the prior month. However most assets’ volatilities remained high relative to their 12-month averages, with the exception of FX at low to medium.
- Realised volatility (of the Eurostoxx index over 30 days) fell from 18.0% to 15.2% (high).