(Bloomberg) -- Volatility in U.S. Treasuries fell to a record low as traders bet the Federal Reserve will keep its benchmark interest rate unchanged at 5.25 percent until at least the second half of the year.
Merrill Lynch & Co.'s MOVE Index, based on prices of over- the-counter options on Treasuries maturing in two to 30 years, fell to 54.5 today, the lowest since 1988, when the firm began tracking the data. The previous record low was 54.9 on Feb. 5.
Read more at Bloomberg Bonds News
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