A selloff in Treasuries deepened and trading volume jumped amid evidence the American economy keeps growing. U.S. stocks edged higher, crude rallied above $76 a barrel and the dollar rose.
The S&P 500 Index eked out a gain after earlier climbing to within a whisker of an all-time high. Steep losses in rate-sensitive shares from utilities to real-estate firms weighed on the measure. Banks surged as 30-year Treasury yields popped to the highest since 2014, while the two-year rate jumped to a pre-crisis high and 10-year yields hit levels last seen in 2011.