The market opened with a sharp drop in volatility as the CBOE Volatility Index slipped 4.78% to 14.55, while equity sentiment swung into greed with the stock Fear & Greed Index climbing to 62.
Equities
The VIX fell to 14.55, its lowest in weeks, underscoring complacent risk appetite. The stock fear‑greed gauge rose to 62, indicating strong bullish sentiment across major indices.
Fixed Income & FX
U.S. Treasury yields were largely unchanged. The 5‑year note slipped to 4.371% (‑0.004), the 10‑year held at 4.69%, and the 30‑year edged up to 5.25% (+0.003). In the currency market, the dollar traded at 1.3499 against the pound, 159.31 yen, and 1.1529 euros, with the CAD at 1.3940.
Commodities & Crypto
Crypto markets saw significant pressure, with BTC liquidations totaling $1.02 bn and ETH liquidations $1.65 bn, amounting to over $2.68 bn of forced trades.
The Narrative in One Line
Low volatility and bullish sentiment drive a risk‑on tilt across equities despite modest yield moves.