PRESS ROOM
Sharp decline in volatility as optimism builds in markets
Monday 16th November '20
The CBOE Volatility Index (VIX) futures curve was expecting volatility to come down in November since before the US elections. Market optimism since the announcement of Pfizer and BioNTech Covid-19 vaccine has accelerated the expected decline in volatility. As of 16 November, VIX Index was around 23.6 compared to around 40 in the final week of October.