ME News message, December 30 (UTC+8), in the context of the Federal Reserve's interest rate cuts effectively alleviating the risk of economic recession, a key indicator measuring the volatility of the US bond market is heading towards its largest annual decline since the global financial crisis. As of last Friday, the ICE BofA MOVE Index (which reflects expected volatility in the bond market) has fallen to about 59, the lowest level since October 2024. The index has continued to decline from a level of about 99 at the end of 2024 and is expected to record one of the most significant annual declines since 1988, second only to the crash in 2009. (Jin Shi) (Source: ME)