<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>

洲際交易所

<p>作者：布倫丹·法根，彭博社策略師，隨着市場進入一個穩定和政策熟悉的時期，利率、股票和貨幣的波動性在年末急劇下降。國債波動性引領了這一回落，ICE BofA MOVE 指數正朝着自金融危機後以來最大年度降幅的方向發展</p>

跨資產波動性有望因政策的熟悉性而收縮