Economics
Treasuries Not Buying Stock Optimism in MOVE-VIX Spread: Options
This article is for subscribers only.
While bond and equity investors often see the world differently, the gap in perceptions is getting extreme.
Measures tracking levels of nervousness in the government debt and stock markets have been diverging all year and Thursday reached the widest since September 2013, according to data compiled by Bloomberg. Most of the spread reflects a 35 percent jump in fixed-income price turbulence as measured by the Bank of America-Merrill Lynch Option Volatility MOVE Index.