Glossary term
MOVE Index
The bond market's volatility index, derived from Treasury options; the fixed-income equivalent of the VIX.
The MOVE Index measures expected volatility in the U.S. Treasury market, derived from options on Treasury futures — effectively the bond market's version of the equity VIX. Rising MOVE signals stress in the most systemically important market, often preceding broader risk-off moves. Closelook treats MOVE as a core regime input because rate volatility transmits into every other asset class. See Money Temperature 101.