The ICE BofA MOVE Index, which measures the volatility of US government bonds, has surged to its highest level since January. The index, often referred to as the 'VIX of bonds', reached 123.8 points last week, indicating significant yield volatility for 2-year, 5-year, 10-year, and 30-year Treasuries. This spike in bond market volatility, which has increased by 40% in October, suggests that markets are bracing for potential post-election turbulence. The MOVE Index closed at its highest level since December 7, 2023, and interest rate volatility has hit a year-to-date high. Treasury bonds have also seen consecutive day gains for the first time since mid-September. The surge was noted on October 16, with experts predicting post-election furor in bonds.