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On The MOVE

US TSYS

Tuesday’s stagflation worry & the market unwinding some of its expectations re: FOMC tightening pushed vol. higher, with the ICE-Bank of America MOVE index extending further away from the historically suppressed levels that were observed during H220. Still, the index remains some way shy of its March ’20 multi-year extremes (which were of course a product of the wider COVID outbreak).


Fig. 1: ICE-Bank of America MOVE index

Source: MNI - Market News/ICE/Bank of America/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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