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Analysts at ANZ explained that it is notable that markets have been more skittish recently.
Key Quotes:
"Volatility has picked up, the JPY has gained a firmer footing, and stocks and commodities are off their highs.
Whether it is the flattest yield curve in a decade (and what that has historically signalled for future growth), the recent troubles in high- yielding credit, or lingering geopolitical tensions, it is not entirely clear what has markets spooked.
But it is a reminder that even though the global economy is experiencing its most broad-based upswing in years, there are enough issues out there to keep investors on their toes, and the extremely subdued market volatility backdrop was never going to be sustained."