(Bloomberg) -- The benchmark for U.S. stock
volatility surged to the highest in 13 months on concern higher
borrowing costs will slow takeovers, spur debt defaults and curb
earnings.
The Chicago Board Options Exchange Volatility Index jumped
as much as 27 percent to 22.96, the highest since June 2006.
Higher readings in the so-called VIX, derived from prices paid
for options on the Standard & Poor's 500 Index, indicate traders
expect bigger stock-market swings in the next 30 days.
Read more at Bloomberg Stocks News
volatility surged to the highest in 13 months on concern higher
borrowing costs will slow takeovers, spur debt defaults and curb
earnings.
The Chicago Board Options Exchange Volatility Index jumped
as much as 27 percent to 22.96, the highest since June 2006.
Higher readings in the so-called VIX, derived from prices paid
for options on the Standard & Poor's 500 Index, indicate traders
expect bigger stock-market swings in the next 30 days.
Read more at Bloomberg Stocks News
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