Sacking central bankers does end well

Friday 16 January 2026

TME with the charts.

Time to MOVE?

US 10 year has done very little over the past months, and we are actually trading at the same levels we traded at in late 2022. This has been reflected in bond volatility. MOVE has crashed since the Liberation day chaos, but note the 10 year is getting increasingly trapped inside a massive triangle like formation. A break out of that dynamic formation and things could MOVE again.

Source: LSEG Workspace

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.