Despite proclamations of stability in oil prices this week, Oil implied-volatility has surged back to new cycle highs this week (near record highs). Credit volatility has been rising for a number of weeks and now equity volatility has been dragged higher (to its highest weekly close since Dec 2012). Thanks to the SNB decision, FX volatility has also exploded this week - the biggest spike since May 2010 to its highest since Dec 2011. Rate volatility remains the least affected for now - though has been on the rise all year and now stands at it highest in 4 months.
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Simply put, since QE ended... volatility is back.
Chart: Bloomberg
