The ICE BofA MOVE Index — the bond market equivalent of the VIX. Measures expected volatility in US Treasury yields across all maturities.
Bond volatility often leads equity volatility. Spikes in MOVE signal uncertainty about Fed policy or fiscal sustainability. The 2023 MOVE spike preceded the banking crisis.
Below 80 = calm bond market. 80-100 = normal elevated. 100-150 = significant stress. Above 150 = crisis-level bond volatility. Regime Intelligence treats MOVE as a key fixed income stress signal.