Deals
Treasury Volatility Falls on Speculation Fed to Maintain Policy
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A gauge of Treasury market volatility fell to a five-month low on speculation the Federal Reserve will maintain its debt purchases at $85 billion a month following a two-day policy meeting that ends Oct. 30.
Three-month implied volatility on 10-year interest-rate swaps was 75.22, a level not seen since May. The average over the past year is 81.41. The gauge is a measure of projected yield fluctuations over the next 90 days. It has fallen from