Interest Rate Volatility:
MOVE Index* Eyes Highest Monthly Close Since the Great Financial Crisis
- Interest rates have risen to 15-year highs on parts of the Treasury curve
- Short-end yields in particular have seen immense volatility
- Well-positioned banks and financial institutions have potential to benefit from new rate regime
*The MOVE Index measures U.S. interest rate volatility by tracking movement in U.S. Treasury yield volatility implied by current prices of one-month over-the-counter options on 2-year, 5-year, 10-year and 30-year Treasuries.
Chart source:
https://www.tradingview.com/symbols/TVC-MOVE/
Supporting documentation:
Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity
US Treasury Bond Yields: 2022 vs. 2021