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The Market Ear with the latest on market internals.
MOVE on the move (again)
Bond volatility surged today again. Will this take out year highs and revisit Corona panic highs. You know things are extreme in bond world when the recent VIX rise looks “tiny” compared to MOVE’s trajectory since last autumn.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.