To The Moon

Implied volatility measures for stocks, bonds and currencies have all hit notable highs over the past week. After a protracted lull, volatility across markets has reawakened in April as Wall Street's "fear gauge" has surged to its highest level since Halloween.The Cboe Volatility Index VIX, known as Wall Street's "fear gauge," traded as high as 19.56 on Tuesday, its highest intraday level since Oct. 31, bringing it to within a whisker of its long-term average of 19.60.Volatility gauges tracking activity in options markets tied to Treasury bonds and major G-10 currencies have also shot higher this month.The ICE BofAML MOVE Index, a measure of implied volatility of Treasurys, had reached a two-year low as recently as March 27. But the index has risen more than 40% since then to close at 121.15 on Monday, its highest level since Jan. 3, according to Dow Jones Market Data.The dollar's advance has sent the JPMorgan G-7 Volatility Index, which measures the cost of hedging swings in major cur