According to The Kobeissi Letter, the US bond market’s MOVE Index dropped to 67 last week, its lowest since November 2021, signaling easing Treasury yield volatility across 2-year, 5-year, 10-year, and 30-year maturities, source: The Kobeissi Letter. The MOVE Index has declined by 73 points since April as conditions stabilized following the post–"Liberation Day" sell-off tied to President Trump, source: The Kobeissi Letter. The easing in rates volatility has been supported by two Federal Reserve rate cuts in September and October and by corporate credit spreads at their lowest level of the century, source: The Kobeissi Letter. The 10-year Treasury yield has fallen 70 basis points to 4.10% since January, indicating softer long-end rates, source: The Kobeissi Letter. For crypto and risk-asset positioning, traders can treat the reported decline in rates volatility and yields as reduced macro shock risk and monitor BTC and ETH sensitivity to US yields for potential carry and trend opportunities, source: The Kobeissi Letter.

According to @godbole17, U.S. bond volatility has collapsed with the MOVE index dropping to its lowest level since January 2022, signaling looser financial conditions, source: @godbole17. According to @godbole17, the decline in the bond market’s VIX supports risk-on positioning in equities and crypto, especially BTC and ETH, source: @godbole17.