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Does This Risk-On Unwind Have Legs? VIX Surging

US TSYS

Rates powering higher, new session highs after scaling back some of the proposed capital gains tax-hike related news, equities extending sell-off. Not that there is a correlation here -- but vol index VIX is taking notice, +2.34 at 19.84 vs. 16.99 low earlier. Current key market levels:

  • DJIA down 364.9 points (-1.07%) at 33947.7
  • S&P E-Mini Future down 41.75 points (-1%) at 4152.25
  • Nasdaq down 145.4 points (-1%) at 13953.56
  • US 10-Yr yield is down 0.5 bps at 1.5504%
  • US Jun 10Y are up 1/32 at 132-18
  • EURUSD down 0.0027 (-0.22%) at 1.2004
  • USDJPY down 0.02 (-0.02%) at 108.14

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