The Volatility of the Knacchas Market

The move index which is a measure of forward volatility or expected volatility in the interest rate world picked up quite a bit this week. That gives me pause and I think it is probably in many ways tethered to what's going on with the debt ceiling. Then may I suggest maybe the energy space in particular knacchas a little bit more vol to be found out there that's been just kind of blown the doors off.