Traders monitor exits even as global selloff slows
Selling pressure is easing across global financial markets after volatility expectations intensified during yesterday’s session, triggering classic risk-off dynamics and lifting the dollar to its best daily performance in weeks. Benchmark ten-year Treasury yields are down 4 basis points to 4.10 percent, the greenback is paring its advance against a basket of its most-traded rivals, and North American equity futures are setting up for modest losses at the open. The VIX index—often referred to as Wall Street’s “fear gauge” is trading at levels consistent with growing nervousness, but hasn’t yet climbed to the heights typical of an extreme selloff. Wary...