Winter is Coming! The Fed And Volatility Suppression (Stocks And Bonds)

Volatility for the 10 year Treasury note (TYVIX) has been suppressed since The Fed hammered down on vol starting in late 2008.

The same holds true for equities and the VIX. Suppressed since 2008.

But what happens IF The Fed (and other central banks) begin their great unwinds?

Winter is coming!