The cost of options hedges against more gains in Treasuries surged to its highest level since March on Thursday, as investors sought the safety of US government bonds following a spike in oil prices and a deepening fiscal crisis in France.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-22/traders-cost-of-hedging-against-big-treasuries-rally-is-soaring-mvjv24q7)