Bonds declined with stocks, while the euro strengthened after the European Central Bank downplayed the need for more economic stimulus. Oil extended its surge.
The ECB rhetoric spurred a selloff in debt around the world, with yields on Treasuries and German bunds due in 30 years climbing the most in more than a month. Global equities halted a five-day advance, exporters led European shares lower while the S&P 500 Index retreated from near a record high. The euro rose against all but one of its 16 major peers. Oil jumped after data showed the biggest drawdown in U.S. crude inventories in 17 years.