Volatility Gauges Tumble to New Lows Amid Complacency Fears
- Bank of America MOVE Index closes at an all-time low on Monday
- VIX within 2 points of record intraday low reached last month
JPM's Santos Reminds Investors That Volatility Is Normal
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The markets are alive with the sound of ‘zzzzzz’ as the latest trading session marks yet another another record low for volatility gauges.
Bank of America’s MOVE Index, which gauges volatility in the U.S. Treasury market, has tumbled to an unprecedented 46.9 at the close of Monday’s trading session. The move means investors in the world’s largest bond market are shrugging off the potential for price swings, even as two titans of the industry up their bets on an uptick in U.S. inflation.