Treasury sell-off sends yields racing past limits of bullish era

NEW YORK: The deepening bond-market sell-off has driven Treasury yields past a threshold that could signal the end of a decades-long bull run.

With the United States Federal Reserve (Fed) poised for an aggressive cycle of interest-rate hikes, 10-year yields have surged to nearly 2.5%, the highest since May 2019 and up more than a full-percentage point since early December.