Bonds fell, while the dollar traded near a two-week high after data on services and manufacturing showed the U.S. economy is strong enough to keep the Federal Reserve on track to raise interest rates by year-end. Stocks climbed with oil.
Treasuries dropped for a fourth day in their longest decline in more than a month as a report showed service companies in the U.S. expanded at the fastest rate in almost a year. The dollar rose for a seventh day against the yen. Crude’s rally to almost $50 a barrel spurred gains in shares globally, with Brazil’s Ibovespa climbing the most among the world’s biggest equity markets.