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BlockBeats News, December 30 – Against the backdrop of the Federal Reserve's effective rate cuts easing recession risks, the key indicator measuring volatility in 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 bond market volatility) has fallen to approximately 59, the lowest since October 2024. The index has been steadily declining from around 99 at the end of 2024, and is expected to record one of the most significant annual drops since data collection began in 1988, second only to the crash in 2009.