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Bond Volatilitydaily

MOVE Index

ICE BofA US Bond Market Option Volatility Estimate (MOVE); the bond-market counterpart to VIX, measuring implied volatility in Treasury options across 2Y / 5Y / 10Y / 30Y tenors in basis points.

The MOVE Index is currently 65.7, last updated .

65.7
1W -11.72%1M -39.64%3M -22.94%
Updated 6h ago
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Volatility is the market's price of uncertainty. The VIX measures 30-day implied equity volatility, the MOVE does the same for Treasuries, and SKEW captures demand for tail-risk protection. Persistent divergences between equity and bond vol often precede regime shifts, while spikes in both simultaneously signal broad deleveraging.

Updated 6h ago

AI Analysis

Apr 18, 2026

DXY-DGS10 correlation: 0 (rate differential defense structurally broken — dollar not responding to yield moves). The dollar bear thesis is intact but momentum is decelerating: prior cycles showed -2-3% monthly moves, now -1.1%. The 5Y5Y forward inflation 2.16% (+3bp 1M, accelerating) suggests the market is pricing in persistent medium-term inflation, which keeps real yields from falling despite nominal yield moves.

Recent Data

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DateValueChange
Apr 17, 202665.7-0.30%
Apr 16, 202665.89-3.02%
Apr 15, 202667.94-8.62%
Apr 14, 202674.35-0.09%
Apr 13, 202674.42+3.15%
Apr 10, 202672.15-2.51%
Apr 9, 202674.01-6.01%
Apr 8, 202678.74-5.30%
Apr 7, 202683.15+1.80%
Apr 6, 202681.68-3.23%
Apr 2, 202684.41-6.41%
Apr 1, 202690.19-6.10%
Mar 31, 202696.05-11.34%
Mar 30, 2026108.33-3.23%
Mar 27, 2026111.95-2.67%
Mar 26, 2026115.02+17.86%
Mar 25, 202697.59-5.26%
Mar 24, 2026103.01+4.95%
Mar 23, 202698.15-9.82%
Mar 20, 2026108.84+28.23%
Mar 19, 202684.88+4.47%
Mar 18, 202681.25+2.55%
Mar 17, 202679.23-7.06%
Mar 16, 202685.25—

Explore Further

Forecast 2026
MOVE Index Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
VIX vs MOVE Index
VIX measures equity implied volatility while MOVE measures Treasury-options implied volatility. When the two diverge, it...
Category
All Volatility Data
VIX, MOVE, SKEW, and VVIX. The price of uncertainty across equities, rates, and tail-risk distributions....

Frequently Asked Questions

▶What is MOVE Index?
ICE BofA US Bond Market Option Volatility Estimate (MOVE); the bond-market counterpart to VIX, measuring implied volatility in Treasury options across 2Y / 5Y / 10Y / 30Y tenors in basis points.
▶How does MOVE Index relate to bond volatility?
MOVE Index is part of the Bond Volatility category. Volatility is the market's price of uncertainty. The VIX measures 30-day implied equity volatility, the MOVE does the same for Treasuries, and SKEW captures demand for tail-risk protection. Persistent divergences between equity and bond vol often precede regime shifts, while spikes in both simultaneously signal broad deleveraging.
▶How often is MOVE Index updated?
MOVE Index is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source MOVE Index data?
Convex sources MOVE Index data from official government and market data providers. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the MOVE Index chart page?
The MOVE Index page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.