The bond vs equity fear Jaws gap
Do you feel calm because the VIX is "back", or do you feel stressed because bond vol, MOVE, remains elevated?
The move higher in MOVE is rather "impressive" and the gap vs VIX is once again huge.
Bonds are waiting for Friday's PMI, so the gap will not come in before that...
The move higher in MOVE is rather "impressive" and the gap vs VIX is once again huge.
Bonds are waiting for Friday's PMI, so the gap will not come in before that...
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