U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years today as traders cut their bond holdings in preparation for the Federal Reserve to trim bond purchases in 2014. The latest sell-off helped to assure the Treasuries market will finish one of its worst years ever as the 10-year yield has risen 1.25 percentage points in 2013. Last week, the U.S. central bank said it will reduce its monthly purchases of Treasuries and mortgage-backed securities by $10 billion to $75 billion in January due to signs of an improving U.S. economy. The Fed also signaled its commitment to hold short-term interest rates near zero, since unemployment has remained higher what policy-makers are targeting and inflation has stayed below the desired 2 percent mark. Investors in U.S. Treasuries should take notice, since the trend seems likely to continue.