In Rates, An Eerie Calm?

In the context of this week's event risk, it's worth taking a moment to highlight the sense of calm that prevailed across US rates on the eve of policy gatherings in Tokyo, Washington and London. With the Fed on deck and the BoJ poised to begin dismantling the world's long-running, most innovative, experiment in ultra-accommodative monetary policy, rates looked subdued. Although equity volatility gets all the attention, it's worth noting that bond vol has receded of late as well. The MOVE,