Direction: Each of the following items in this section consists of a sentence, the parts of which have been jumbled. These parts have been labeled. Given below each sentence are four sequences. You are required to rearrange the jumbled parts of the sentence and mark your response accordingly: a sell-off as US Treasury yields surged to multi-year highs on robust economic data P Q R global markets also witnessed S

The correct sequence is R S Q P, forming the sentence: 'On robust economic data global markets also witnessed a sell-off as US Treasury yields surged to multi-year highs.' This arrangement follows a logical cause-and-effect structure common in financial reporting. The sentence begins with the catalyst (robust economic data), followed by the market reaction (global markets witnessed a sell-off), and concludes with the specific mechanism of the decline (US Treasury yields surging to multi-year highs). This reflects macroeconomic trends where strong economic indicators can lead to expectations of tighter monetary policy, causing bond yields to rise and equity markets to sell off [1]. Contextual evidence from financial news confirms that rising US yields often trigger adverse outcomes in global and emerging markets [1]. The phrase 'surged to multi-year highs' is a standard financial descriptor for yield movements.

Sources

1. [1] https://www.sciencedirect.com/science/article/abs/pii/S0261560625001779