The Zhitong Finance App learned that Bank of America strategist Michael Hartnett warned that the recent sharp rise in the volatility of the US bond market is increasing the risk of wider deleveraging in the financial market. At a time when US bonds are being sold off violently, the MOVE index, which measures the expected volatility of the US Treasury bond market, soared by about 35% in just two trading days, indicating that the financial system using US Treasury bonds as collateral is under greater pressure.

The Zhitong Finance App learned that Bank of America strategist Michael Hartnett warned that the recent sharp rise in the volatility of the US bond market is increasing the risk of wider deleveraging in the financial market. At a time when US bonds are being sold off violently, the MOVE index, which measures the expected volatility of the US Treasury bond market, soared by about 35% in just two trading days, indicating that the financial system using US Treasury bonds as collateral is under greater pressure.