Bonds have experienced a sharp backup in rates since the beginning of October. From October 3rd through the close of 10/17, the yield on the 10-year Treasury backed up 40 basis points. The selloff was led by the long end of the curve; the 2-10 spread widened out about 40 basis points, while 5-10s has widened about 20 basis points. (10s-30s has remained roughly unchanged over the same period.) Realized volatility in the Treasury market has trailed off a bit, even though (looking at the standard deviation...