Asset market volatility continues through Friday, incorporating a fifth successive down-day for both the S&P500 and NASDAQ (taking losses for the week to 2.4% and 3.2% respectively) and the 10-year US Treasury yield posting a new cycle high of 4.99% early on in the New York day before peeling back to 4.91% by the close, finding some haven support amid the ongoing stock market weakness and perhaps too ahead of the weekend given still sky-high Middle East tensions. The VIX lifted by just a third of a point but at 21.71, closed at its highest since April 24. Currency volatility was much more subdued , the DXY ... (full story)