🔴 Leveraged Volatility ETF (UVIX) is trading 2% down today as stronger-than-expected August payrolls lift Treasury yields

UVIX is trading at $36.74 (-2.01%) on September 4, 2026, as stronger-than-expected August payrolls reduce expectations for near-term Federal Reserve easing and lift Treasury yields.

• The shift toward higher-for-longer policy expectations is pressuring volatility exposure.
• Near-term VIX futures are retreating while equities remain relatively resilient, reducing demand for leveraged volatility products.
• The Middle East conflict remains a risk but has not outweighed today’s labor-market-driven risk sentiment.