China's monetary tightening will impact the USD. Why? - Part 2

China's credit impulse chart by PIMCO (a few days ago):

Let's look at the impacts of China's monetary tightening again.

http://sg-stock.blogspot.com/2021/02/chinas-monetary-tightening-will-impact.html

Monetary tightening => Credit impulse => USD & Base Metals => Treasury yields

Since US Treasury's yields will be impacted, how can we assess the risks in bonds?

When we want to assess the stock market risks, we will look at the VIX index.

Is there a bond risk index then?  Yes, we can look at the MOVE index for bond risks.

As we can see, the MOVE index is not as high as in March 2020 which means that the bond risk is still tolerable for the investors.