MOVE chart at Google Finance starting Oct. 2019
I've followed MOVE for some time and still don't find or know what it shows for me to be of use. I understand the index is a bond reference, not unlike VIX for equity volatility. Probably just me to find meaning vs watching bond yields and/or flows, and of course; everything the FED has done/is doing and bond markets reactions from the big players. And for me, I already have too many sticks in the fire that I watch; aside from whatever is being discussed by whomever.
As you've noted....If I could readily chart MOVE against something I could us; I may discover something.

https://www.sec.gov/Archives/edgar/data/809593/000113322823001332/abatrcf-html6116_497.htm
497 1 abatrcf-html6116_497.htm AMERICAN BEACON AHL TARGETRISK CORE FUND - 497
American Beacon AHL TargetRisk Core Fund
Supplement dated March 15, 2023
to the
Prospectus, Summary Prospectus, and Statement of Additional Information, each dated May 1, 2022
The Board of Trustees of American Beacon Funds has approved a plan to liquidate and terminate the American Beacon AHL TargetRisk Core Fund (the “Fund”) on or about July 7, 2023 (the “Liquidation Date”), based on the recommendation of American Beacon Advisors, Inc., the Fund’s investment manager.
In anticipation of the liquidation, effective immediately, the Fund is closed to new shareholders. In addition, in anticipation of and in preparation for the liquidation of the Fund, AHL Partners LLP, the sub-advisor to the Fund, may need to increase the portion of the Fund's assets held in cash and similar instruments in order to pay for the Fund’s expenses and to meet redemption requests. The Fund may no longer be pursuing its investment objective during this transition. On or about the Liquidation Date, the Fund will distribute cash pro rata to all remaining shareholders. These shareholder distributions may be taxable events. Thereafter, the Fund will terminate.
The Fund will be liquidated on or about July 7, 2023. Liquidation proceeds will be delivered in accordance with the existing instructions for your account. No action is needed on your part.
Please note that you may be eligible to exchange your shares of the Fund at net asset value per share at any time prior to the Liquidation Date for shares of the same share class of another American Beacon Fund under certain limited circumstances. You also may redeem your shares of the Fund at any time prior to the Liquidation Date. No sales charges, redemption fees or termination fees will be imposed in connection with such exchanges and redemptions. In general, exchanges and redemptions are taxable events for shareholders.
In connection with its liquidation, the Fund may declare distributions of its net investment income and net capital gains in advance of its Liquidation Date, which may be taxable to shareholders. You should consult your tax adviser to discuss the Fund’s liquidation and determine its tax consequences.
For more information, please contact us at 1-800-658-5811, Option 1. If you purchased shares of the Fund through your financial intermediary, please contact your broker-dealer or other financial intermediary for further details.
***********************************************************
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

AAII Sentiment Survey, 3/15/23
For the week ending on 3/15/23, bearish remained the top sentiment (48.4%; very high) & bullish remained the bottom sentiment (19.2%; very low); neutral remained the middle sentiment (32.4%; above average); Bull-Bear Spread was -29.2% (very low). Investor concerns: Inflation (moderating but high); economy; the Fed; dollar; cryptos; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (55+ weeks, 2/24/22- ); geopolitical. For the Survey week (Th-Wed), stocks were down, bonds up, oil down sharply, gold up sharply, dollar down. Crazy rate volatility as 3 banks failed in 4 days; SVB Bank & Signature Bank, #2 & #3 biggest bank failures in the US History. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=9&scrollTo=974

This article goes into more detail than I have seen elsewhere about the politics of the 2018 changes in the banking regs that allowed SVB to escape regulation, and how easily the startups etc could have protected their funds. It also implies that SVB prevented them from using multiple other banks ( with InfraSweep).
https://prospect.org/economy/2023-03-13-silicon-valley-bank-bailout-deregulation/?utm_source=substack&utm_medium=email
We still dont know how many of these accounts were really “ small businesses”. Roku apparently had half a billion dollars on deposit without any protection
Why should we bail out Roku?

I'm with ya.

+1

+10

Lowenstein’s take on the subject is worth reading: https://nytimes.com/2023/03/15/opinion/silicon-valley-bank-rescue-glass-steagall-act.html

Great! Picked up 1 yr from Barclays Bank 5.40% yesterday. Will buy more this week as they are moving quickly.

It's almost here - testing the rollout now.
https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

@Schwab, Wednesday, 1:50 pm PST:
1yr CD: 5.4%
1yr T-bill: 4.744%
Note: Schwab Bank is among the offerings @5.4%, so this group may be under some pressure.
Additional Note: @ Wednesday, 1:59 pm PST:
Schwab & a couple of other 5.4% offerings no longer available- already subscribed? That was fast.
Yet more: @ Wednesday, 2:09 pm PST: New listing- but not a new offering...
HomeStreet Bank WA 4.75% CD 12/01/2023   Offered at discount: price: 99.455 / YTM: 5.543%.
Seems like a solid vote of "no confidence" in HomeStreet Bank WA
Yet more: @ Wednesday, 2:25 pm PST: HomeStreet Bank listing gone- somebody liked it.

BRK.b was down almost 3% much of the day. Finished down 2.44%. Yet, AAPL was up for the day. And BOA BAC only lost 1%. Looks like insurance companies got hit. One I watch was down 3.4%. I’d think the issue relates to interest rates in some manner - which were all over the place today. (And some of the weather phenomena contributed too).
@LewisBraham said: “I wonder if any large institutions in particular were getting out, and if so, why?”
One i watch, GHC , is 65% institutionally owned. It’s dropped like a rock, losing about 15% the past 10 trading days by my rough count. The why is hard to answer. I tend to attribute moves like that to market manipulation more than to fundamentals. Drive the price down and then buy back in later. Or maybe short sellers at work.

$26,400 in U.S. dollars, much more affordable. The competition is real: https://bloomberg.com/news/articles/2023-03-15/vw-shows-25-000-ev-to-compete-where-tesla-has-left-an-opening?srnd=premium

In the aftermath of 3 US bank failures in 4 days, there is now lot of money shifting from small local and regional banks to BIG banks. One consequence of this is that small/regional banks are forced to offer higher rates for brokered CDs. Just in case you were wondering.
"Today [non-callable]:
1yr CD: 5.35%
5yr CD: 5.00%
1yr T-bill: 4.45%
5yr T-note: 3.78%"
Twitter LINK

Finally a good financial reason to live here ( in MA).
Also worth noting you do not pay state income tax on interest from a MA bank. But my local bank only pays 1% on their MM account, and next to nothing on savings

Didnt it occur to them that the pandemic would not last forever, and their payroll would have to drop back to more normal levels?
NPR's "doubling" figure likely represented the growth of full-time employees from 2019 (44,942) through 2022 (86,482). Data from Statistia. Confirmed by WP:

Between the end of 2019 and its peak headcount in 2022, the company nearly doubled in size to some 87,000 employees.

Data from Statista. Sometimes Statista provides full data w/o subscribing, sometimes not. So here's the data it presented me:
2004: 7
2005: 15
2006: 150
2007: 450
2008: 850
2009: 1,218
2010: 2,127
2011: 3,200
2012: 4,619
2013: 6,337
2014: 9,199
2015: 12,691
2016: 17,048
2017: 25,105
2018: 35,537
2019: 44,942
2020: 56,604
2021: 71,970
2022: 86:482
https://www.statista.com/statistics/273563/number-of-facebook-employees/
Rolling three year hiring rates:
2007: 64x (2004-2007, 450/7)
2008: 57x
2009: 8x
2010: 5x
2011: 4x
2012: 4x
2013: 3x
2014: 3x
2015: 3x
2016: 3x
2017: 3x
2018: 3x
2019: 3x (2.64)
2020: 2x (2.25)
2021: 2x (2.03)
2022: 2x (1.92)
Seems pretty "normal" to me. That last hiring rate was not out of line. The rate was not due to the pandemic, but during the pandemic. Parts of the WP piece support the idea that this has to do with tech sector hubris.

The [Meta] hiring sustained its ambitious (and in some cases seemingly ill-fated) projects like its big bet on the metaverse. ...
[T]he deep cuts ... reflect a deeper shift in thinking about the metrics that matter in a tech sector that has long been able to make up its own rules.
During the pandemic, as tech CEOs accelerated their empire building, a massive and growing headcount somehow became equated with a company’s overall health — a sign that it had cash, clout and big ambitions.

that it had cash - cross check that with SVB and why startups were pulling cash out of their bank accounts. Their cash spigots were drying up.

@AndyJ, CDs over 5% for 1 year are still available. It was up to 5.35% yesterday and they are being snapped up quickly.

Let's review the previous FDIC system -
Your individual account was insured up to $250,000.
Your spouse's individual account was insured up to $250,000.
Your joint account was insured up to $500,000.
Seriously, how many couples are keeping $1MM in cash?
The banks pay for this insurance coverage, which means we all pay in some way.
If all deposts are going to be insured, clearly banks will be charged more for the increased coverage.
I suggest banks should recover these extra costs by charging corporate accounts a fee on the basis of average balance, and perhaps a risk premium.

@rforno
+1