The MOVE Index, which measures bond market volatility, is approaching its 12-month high, reflecting increased nervousness in the Treasury market as the U.S. presidential election approaches. Analysts indicate that the index is just two days shy of this peak, with significant volatility expected in the coming days. Over one-third of the U.S. government's outstanding national debt is set to mature within the next year, necessitating the issuance of a substantial amount of new treasuries. As the election draws near, heightened volatility is also evident in U.S. interest rate options, with expectations of a potential GOP sweep influencing market behavior. The Treasury market's implied volatility, represented by the MOVE Index, is currently at elevated levels, coinciding with a week filled with important economic reports.