Treasury Market's Quietest Period Since 2021 Is Ending. Why Trump Is Rattling Bonds.
Barrons·2026-01-20 18:39
After a quiet start for the Treasury market, the silence has finally been broken. The ICE BofA MOVE Index, the bond market's "fear gauge†that measures expected volatility across Treasuries, fell to 56.14 on Thursday, its lowest close since September 2021. Until now, the benchmark 10-year yield barely budged, spending the early part of the year within a narrow range of 0.051 percentage points through Thursday, the narrowest range over an 11-day period since Jan. 5, 2021, according to Dow Jones Market Data. ...