MOVE Treas volatility gauge moves
This one has mixed reactions from pros but seems it bears watching just in case.
17:06 EDT - BofA/Merrill's MOVE Index -- a Treasury volatility gauge similar to what the VIX is to US stocks -- is showing signs of life. Long suppressed by the Fed's low-rate policy, the index has been contained in the 60s through much of the post-crisis years, briefly making a run up to 117 amid last year's taper tantrum, only to fall back down to the mid-50s this year. But now as the VIX falls to its lowest since 2007, MOVE has perked up the last few sessions, now at 65. BofA says that's a break above resistance, paving the way to 80, and potentially beyond. (cynthia.lin@wsj.com; @cynthialin_dj)
(END) Dow Jones Newswires
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