The U.S. Treasury bond market experienced significant volatility, with the MOVE index reaching a one-year high

The MOVE index, which measures the volatility of U.S. Treasury bonds, has risen approximately 29.69% this week, marking the largest increase since April of last year, as bond yields reached multi-decade highs. Market volatility is intense, and many traders have chosen to wait and see.

The head of interest rate strategy at Société Générale expressed a neutral view on U.S. interest rates, waiting to trade until volatility decreases.