Loading ...The EWT count is done now 5 of 5 of 5 of 5 etc right to the highest degree …
so it can extend more but look out below when it ends.
The credit protection implosion
CDX IG and iTraxx main drifting lower and lower…
Source: Refinitiv
The FX volatility implosion
FX and bond volatility have moved lower since late October and FX vol is imploding extra much in the last few sessions. Bond volatility is lower on a 3-month and 12-month basis but has actually risen over the past weeks, trading at the highest levels since early January.
Source: Refinitiv
Equity vs credit protection
Equity volatility, which from an absolute, as well as a 12-month comparison point of view is low – actually looks high compared to how credit protection is trading.
