There was a slight and uniform shift lower in the term structure of S&P 500 related volatility indexes last week. One might say this is a case of all indexes not having much more room to drop.
An ETN I don’t mention too much was interesting to me this week. VXZ was unchanged on the week as the longer end of the VIX futures curve was mixed. TYVIX also rebounded a bit at concerns over interest rates had been trending lower. The March Fed meeting concludes on[...]