Great insights as usual! What is the underlying data to capture the risk sentiment in emerging markets? Struggling to understand the chart. Thanks for your feedbackin advance!
PS: Apologies just noticed you wrote it's the z-score of Equity implied volatility, FX implied volatility, EM corporate credit spreads, and 5-year sovereign CDS pricing. My bad! :-)
Great insights as usual! What is the underlying data to capture the risk sentiment in emerging markets? Struggling to understand the chart. Thanks for your feedbackin advance!
PS: Apologies just noticed you wrote it's the z-score of Equity implied volatility, FX implied volatility, EM corporate credit spreads, and 5-year sovereign CDS pricing. My bad! :-)