(Bloomberg) -- The CBOE Volatility Index dropped below 10 on Monday following the French election, marking its lowest level on an intraday basis since February 2007. At this level, the so-called fear gauge is flirting with the lowest close since Jan. 24 of the same year, when it finished the day at 9.89.
To contact the reporter on this story: Sophie Caronello in New York at scaronello@bloomberg.net.
To contact the editors responsible for this story: Cesca Antonelli at fantonelli@bloomberg.net, Jeremy Herron
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