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MOVE Hits Highest Levels Seen Since Initial COVID Vol.

US TSYS

The ICE-Bank of America MOVE index has moved to the highest level observed since the COVID-driven vol. in early ’20, with the hawkish Fed re-pricing and geopolitical tension surrounding the Russia-Ukraine situation the obvious driving forces. Note that although the index level isn’t elevated in a historical sense, it has punched back above its 200-Month Moving Average.


Fig. 1: ICE-Bank of America MOVE Index

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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