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Treasuries Fall on Services Growth as Oil Jump Spurs Stock Gains

  • Dollar caps longest rally versus yen since March on Fed bets
  • Asian index futures signal gains amid crude-driven rebound
Bloomberg business news

ECB Said to Talk Taper at the Conclusion of QE

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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.