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Risk markets keep lid on volatility, says BIS report

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Low levels of asset price volatility owe much to structural changes in the market, but a slower economy could still push volatility up again, according to a Bank for International Settlements (BIS) report published this month.

The last two years have seen unusually low volatility in stock prices, interest rates and credit spreads, with short-term interest rates hitting 20-year lows.

According to the

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