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Treasury volatility index jumps 19%, its biggest weekly surge since April 2025

U.S. Treasury yields jumped as bond-market volatility accelerated. The MOVE Index, a measure of volatility across 2-, 5-, 10- and 30-year Treasuries, rose 19% last week, its biggest weekly increase since April 2025 and third-largest since the 2022 bear market.

The 10-year yield reached 5.17% and the 30-year moved above 5.50%. Sticky inflation is lifting shorter yields, hyperscaler debt issuance is pressuring intermediate maturities, and fiscal concerns are pushing up long-term borrowing costs. U.S. 30-year mortgage rates are now above 7%.

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3d

France's 10-year government bond yield moved above 4.5%, its highest level since 2008, amid renewed budget and political concerns.

2d

The MOVE Index was reported up 19% for the week, while the 10-year Treasury yield reached 5.17% and the 30-year yield exceeded 5.50%.

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