The global bond market rout deepened Thursday after more than $1 trillion value of government debt globally was wiped out since the U.S. Election in early November.

The latest catalyst for investors to bonds: The Federal Reserve’s latest signal Wednesday about a quicker pace of interest-rate increases next year. Upbeat manufacturing release for the eurozone and retail sales in the U.K. added to the selling in bonds, traders said.

The yield on the benchmark 10-year Treasury note settled at 2.58%, compared with 2.523% Wednesday. It marks the yield’s highest close since September 2014. The policy-sensitive two-year Treasury yield closed at 1.261%, the highest since Aug 2009. Yields rise as bond prices fall.

Government bond yields from Asia and Europe also climbed. China’s 10-year and five-year Treasury bond futures recorded their biggest-ever declines in early trading, dropping by 2% and 1.2% respectively, prompting exchange authorities there to suspend trading of the securities.

The latest episode deepened a big shift in the bond market that has sent yields climbing after falling to their record lows following the Brexit vote this summer.