<div id="readability-page-1"><div><div><p><em>Authored by Brendan Fagan, Bloomberg strategist,</em></p><p><strong>Volatility has collapsed into year-end across rates, equities and currencies as markets settle into a period of stability and policy familiarity.</strong></p><p>Treasury volatility is leading the retreat, with the ICE BofA MOVE Index on track for itssteepestannual decline since the aftermath of the financial crisis.</p></div></div></div>

洲际交易所

<p>作者：布伦丹·法根，彭博社策略师，随着市场进入一个稳定和政策熟悉的时期，利率、股票和货币的波动性在年末急剧下降。国债波动性引领了这一回落，ICE BofA MOVE 指数正朝着自金融危机后以来最大年度降幅的方向发展</p>

跨资产波动性有望因政策的熟悉性而收缩