Arthur Hayes: If the MOVE index breaks 140, the Federal Reserve may restart easing

ChainCatcher message, Arthur Hayes stated that investors who want to predict when the Federal Reserve will restart easing should pay attention to the bond market volatility indicator, the MOVE index. When the MOVE rises, traders financing the purchase of U.S. Treasuries or corporate bonds will face higher margin requirements and may be forced to liquidate their positions. He indicated that once the MOVE breaks 140, the Federal Reserve may intervene in the market.