U.S. Treasury market volatility is at historic highs, marking the third-largest weekly increase since the 2022 bear market.

BlockBeats news, September 28 — Volatility in the U.S. Treasury market is at historic highs. The MOVE index, which measures Treasury volatility, jumped 19% last week, the largest weekly gain since the "Liberation Day" in April 2025. The index, also known as the "VIX of the bond market," tracks volatility in 2-year, 5-year, 10-year and 30-year Treasury yields, marking the third-largest weekly increase since the 2022 bear market.

Over the same period, the 10-year Treasury yield rose 17 basis points last week to 5.17%, the highest since June 2007. The 30-year Treasury yield rose 16 basis points and broke above 5.50%, the first time since June 2004. By comparison, in the week of March 17, 2023, after the U.S. banking crisis led to the collapse of three regional banks in succession, the MOVE index surged 29% in a single week. The U.S. Treasury market is currently experiencing volatility approaching crisis levels.