The lack of volatility has attracted a lot of interest and articles. The key focus is on the volatility index, often referred to as the VIX or fear index. The VIX is based on the cost of purchasing short-dated options on the S&P 500, with a low reading meaning the cost of buying options is cheap. But low volatility wasn’t just limited to the VIX, bond volatility and most other asset classes are low too.
Low volatility means investors should be buying high yield debt?
There’s a host of reasons why the...