Analysis: The volatility index of the U.S. Treasury bond market has rebounded from a low, while risk assets such as Bitcoin may continue to face pressure
ChainCatcher news, according to CoinDesk, the MOVE index (Merrill Option Volatility Expectation) for U.S. Treasury market volatility has continued to rise since hitting a low of 82 points in mid-December, reaching 102.78 points on January 8. As the world's second-largest financial market, increased volatility in the Treasury market often signals a tightening financial environment, which may trigger risk aversion across various financial markets.Latest data shows that manufacturing performance has exceeded expectations, suggesting strong economic resilience and persistent inflationary pressures, driving U.S. Treasury yields higher across the board. Among them, the 30-year Treasury yield rose to 4.92% (the highest since November 23), while the 10-year yield climbed to 4.68% (the highest level since May).Since Trump won the election on November 5, the MOVE index had significantly dropped, leading to a broad rally in risk assets. However, this upward momentum began to weaken when the MOVE index hit its low in mid-December. On January 8, Bitcoin fell 5% to $96,900, and the S&P 500 dropped over 1%. Analysts point out that the bond market is currently dominating broader market trends, making it difficult for risk assets to regain upward momentum before the Treasury market stabilizes.