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Open original source ↗TLT is a good proxy for bond market interest. And interest (volume) is now at a 3+ year low.
* $TLT's volume today was 12.720M shares, the lowest daily volume since January 2023 (and this INCLUDES holidays)
* The 5-day average volume is 17.974M, the lowest since April 2023. https://t.co/YUR0l3HYaD
The MOVE Index is "the bond market VIX." It measures the implied volatility of 30-day options from the 2-year note to the 30-year bond.
Bond volatility has been crashing over the last 2 weeks. This is consistent with the collapse in TLT volume shown above. https://t.co/sUbchFyeTq
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Segment 2 · characters 302–583 · Original segment ↗