Bloomberg News reports that it was observed that the demand for the haven assets faded as a new trading week began in Asia. The US and its allies attempted to contain the war between Israel and Hamas. Also, the New Zealand dollar advanced as a new government was elected by the voters. Why were there price swings in the market? The probability of wild price swings continued haunting the investors after the surges of Friday in crude oil, Swiss franc, and gold versus euro. The traditional havens that have always served as a refuge in troubled times, namely, the US dollar and the Treasuries, slid in early trading. On the other hand, the risk-sensitive currencies, which also include the Australian dollar, were found to be edging higher. Scenario in US government bond market The US government bond market is wriggling out of a turbulent week where notes were under pressure due to losses and the biggest gains in many years. It happened as the demand was offset by the inflation data, which was quite troubling. Poor results were recorded for many auctions. On Sunday, the TA-35, which is the main share index of Israel, started its drop. Will the world head for recession? If there is a wider war in the Middle East, it will force other economies worldwide into recession, as per Bloomberg Economics. This has caused severe concern among the investors who already are reeling under a long list of worries, one of them being whether the Federal Reserve is done with raising rates. Another concern is how the US Congress, which is rudderless at the moment, can keep a government shutdown at bay. Bloomberg News reports that while the broader parameters of volatility in the market continue to remain subdued, there has been a surge in the Swiss currency to the highest in more than 12 months against the euro. Also, the US dollar advanced for four consecutive weeks in the past week. The volatility in the S&P500 index stocks exhibited a rise as well. Uncertainty lingers in the United States. There is a lot of uncertainty in the US. This could lead to a spur in the market oscillations. In the past week, an inflation report fostered bets on yet another increase in rates from the Federal Reserve. This has led to a superseding flow of havens in the hours after, thereby spurring a one-day selloff, which is the biggest in 30-year bonds since the beginning of the COVID-19 pandemic. Meanwhile, the US House of Representatives does not have a leader. Jim Jordan has been nominated by the Republicans. Former President Donald Trump endorsed Jim Jordan. However, he is facing serious challenges in getting the seat of the speaker. This is because there are moderate lawmakers in the party who have been worrying about Jim Jordan's hard-line stance. Further Reading \t Digital Payment Upgrades for Improving Customer Experience \t Black Banx vs. Wise: Which Reigns Supreme in Online Banking? \t Can Digital Bank Black Banx Succeed Where Others Have Failed?