Bonds Fall, Stocks Advance Amid Jobs Data as Euro Weakens

Treasuries fell, with 10-year yields reaching a two-year high, while stocks rose as data on service industries and jobs added to signs the economy is gaining momentum. The euro slid as European Central Bank President Mario Draghi said rates will remain low.

U.S. 10-year note yields jumped nine basis points to 2.99 percent at 4 p.m. in New York, reaching the highest since July 2011. German 10-year yields rose to the highest in 17 months, climbing above 2 percent, and rates on U.K. gilts of similar maturity topped 3 percent. The Standard & Poor’s 500 Index climbed 0.1 percent and the Stoxx Europe 600 Index added 0.7 percent. The euro weakened 0.7 percent to $1.3119. Oil advanced after a Senate committee approved military strikes on Syria and U.S. inventories dropped in Cushing, Oklahoma.