Rate volatility

How stressed are rates?

MOVE Index

ICE BofA MOVE — options-implied 1-month Treasury volatility (the bond VIX).

move_index—

How to read >120 elevated, >150 stressed.

MOVE / VIX

Rate volatility relative to equity volatility.

Formula MOVE / VIXSource ICE, CBOE via Yahoo Finance

move_vix_ratio—

How to read High = rates stressed while equities stay calm (the 2022–23 pattern).

Implied vs Realized

The implied-to-realized rate-vol premium.

How MOVE divided by the annualized 21-day realized vol of 10y daily changes.Formula MOVE / realizedSource ICE via Yahoo + FRED

move_realized_ratio—

How to read >1 = the market is paying up for rate insurance vs recent swings (a free proxy for the swaption vol-risk-premium).

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