What is volatility and what causes it to rise and fall? How volatility itself contributes to more volatility such as in the example of the chaotic UK government bond market where long-term yields have increased by 4% in 2022. Topics covered include: How the role of volatility has changed in financial markets What caused UK interest rates to spike and long-term bond investors to lose 50% What is liability-driven investment What drives increases in volatility and volatility … [Read more...]