Many know of the VIX for equity trading. Yet, many are unaware that there is the same kind of volatility measure for trading bonds, called the MOVE Index.
"The Merrill Lynch Option Volatility Estimate (MOVE) Index is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options which are weighted on the 2, 5, 10, and 30 year...
Feel the force ... read the source.
Give you an idea of the contango headwind / backwardation tailwind that UVXY is experiencing.
Works on Daily time frame only unless you buy the VIX feed.
