Wall Street's 'fear gauge' spikes to a 4-month high as Silicon Valley Bank's collapse spooks markets

Mon, 03/13/2023 - 09:25

SVB HQ — Wall Street's so-called 'fear gauge' spiked Monday as investors fretted about a potential banking crisis after SVB's collapse.
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Wall Street's so-called 'fear gauge' hit a four-month high Monday on growing fears of a banking crisis.
The CBOE's Volatility Index, or VIX, surged 23% as financial markets digested Silicon Valley Bank's collapse.
Bond volatility gauges also surged Monday as the turbulence spread to other asset classes.

Wall Street's so-called "fear gauge" hit a four-month high Monday as the dramatic collapse of Silicon Valley Bank sparked a wave of uncertainty across financial markets.