Volatility Signals: Do Equities Forecast Bonds?

Finance professor Derek Horstmeyer, together with Costello alumni Stephano Sanahuja and Yuge Pang, recently published the piece titled, "Volatility Signals: Do Equities Forecast Bonds?" in Enterprising Investor. Sanahuja and Pang, who participated in the Montano Student Managed Investment Fund while at George Mason, used Granger causality and other methods to show that the equities tend to lead the bond market when it comes to risk (VIX v MOVE).

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