regarding rates vol i know move is the standard measurement but I was quickly look at the vol across the UST futures curve and it seems like a lot of the vol is coming from the long end. particularly UB (UL) not in front of my desk so I can’t say for sure but it kinda seems like rates vol is muted all things considered
regarding rates vol i know move is the standard measurement but I was quickly look at the vol across the UST futures curve and it seems like a lot of the vol is coming from the long end. particularly UB (UL) not in front of my desk so I can’t say for sure but it kinda seems like rates vol is muted all things considered
Broadly yes that’s true but rates vol is still moving in the opposite direction to FX & eq
gotcha, i’ll be keeping an eye on UST vol for sure