This is not a sign of a stable US Government bond market boys and girls.
Other than badly named cryptocurrencies that trade wide and loose, seeing a 37.50% moves in bond spreads is not what I would call a healthy sign for a sovereign credit as the US 10 year treasury bond sold off hard today:
It looks even worse when compared to the 3 month to 10 year spread:
Remember one important fact:
Usually when the 3 month to US 10 year yield curve dis-inverts, America is usually in a recession and a deep one at that. Considering the duration of the numerous yield curve inversions a long recession or several large cycle recessions are probably in the cards for the US economy.
Buckle up as the winter of America’s discontent is shaping up to be a doozy.