Arthur Hayes: If US Treasury Volatility Transmits to the MOVE Index, It May Trigger Policy Intervention

Arthur Hayes commented on the recent significant fluctuations in the U.S. 10-year Treasury yield, stating, "This move is not small, and the BBC (bond trader community) has been alerted. If this volatility spreads to the MOVE index (U.S. Treasury volatility indicator), it is expected to trigger immediate policy action." The latest data shows that the U.S. 10-year Treasury yield has risen to 4.5445%, with a significant rebound over three days.