The Vix and Move indices of implied volatility in the equity and bond markets only rose by a shade. I asked Chris Murphy, derivatives strategist at Susquehanna, whether in more rarefied corners of fixed income someone was buying or selling higher rate volatility. Not really, he said. He likes to look at trading in options on the big Treasury exchange traded funds, such as TLT and IEF. But the future volatility implied by those options’ prices remains at multiyear lows. He sees the occasional large order of puts on the Treasury ETFs, but that’s about it.