The surge in volatility at the beginning of 2022 was caused by several factors including persistent inflation which led to a more hawkish tone from the U.S Federal Reserve. The outbreak of the war in the Ukraine was also a contributing factor to market volatility. A spike in COVID cases in certain parts of the world also rattled global markets and led to a new round of lockdowns in certain countries such as China. In addition to these factors, some parts of the U.S. Treasury Yield have recently inverted. The yield curve inversion adds another layer of confusion for investors.