The volatility in US Treasury bonds just hit its lowest point in over four years. This is a pretty big deal for anyone tracking macro trends.

When bond volatility drops this much, it typically signals a few things: markets are pricing in more stability, inflation expectations might be cooling down, and there's less uncertainty about where rates are heading. The Fed's policy outlook seems to be getting clearer in traders' minds.

For the crypto crowd, this matters more than you'd think. Lower Treasury volatility usually coincides with risk-on sentiment across alternative assets. When traditional bond markets chill out, capital often flows into higher-yield opportunities—and yes, that can include crypto.

That said, we're still watching whether this calm persists or if it's just a temporary pause. A sustained low volatility environment could reshape how markets price risk across the board. The next inflation print or Fed commentary could easily shake things up again, so this quiet period might not last forever.