10 May 2023
Monthly Market review – Download Article
After the surge of volatility in March triggered by the collapse of several banks, markets were remarkably calm in
April, with the VIX index of US equity market volatility dropping to its lowest levels since late 2021. US Treasury
bond yields fell marginally over the month, corporate credit and high yield bond spreads narrowed slightly, and
equities continued their recovery from the March sell-off.
