datoid

The 10-year Treasury yield spiked from 1.88% on Nov 8 to 2.15% on Nov 10, 2016—a 4.1 standard deviation move above the 60-day average of 1.69%. This represents the largest two-day jump in the recent data series. The timing coincides with unemployment at record lows (4.30%) and steady economic growth (GDP up 1.4% over 3 months), suggesting markets may be pricing in changing monetary policy expectations. What economic or policy factors typically drive such extreme Treasury yield volatility in a short timeframe?