🟢 Volatility ETF (UVXY) is trading 2.13% up after hotter-than-expected September CPI

UVXY is trading at $16.28, up 2.13%, as hotter-than-expected inflation lifted Treasury yields and rate-hike concerns.

• September headline CPI rose 3.7% year over year, above the 3.6% forecast; core CPI also exceeded expectations.
• The VIX was up 2.16% in a morning market update, consistent with increased demand for volatility exposure as stocks fell.
• No UVXY-specific company catalyst was indicated.