The benchmark indexes are experiencing heightened volatility amid rising inflationary pressures and concerns of further aggressive interest rate hikes by the Federal Reserve. The CBOE Volatility Index, which gauges market volatility and sentiment, has jumped 18.9% over the past month.
The 10-year Treasury yield has jumped to its highest level since 2011 because of the Federal Reserve’s hawkish monetary policy stance. So far, the efforts to curb the stubbornly high inflation seem to have yielded no result as it still hovers near the 40-year high.
