S&P 500 Breaks Below 2,800: The Volatility Box Revisited
Equity markets are responding as one might expect given the flight to safety as perceived by the recent bid in treasury markets around the globe. On Tuesday, bonds took a significant leg higher, pushing yields lower and with the U.S. 10-yr. Treasury yield breaking below 2.27% on the day. Additionally, the 3-mnth./10-yr. Treasury inversion spread…
