Bonds fell, while the dollar rose as data added to evidence the world’s largest economy continued to strengthen and policy makers signaled they’re moving closer to raising rates. Oil gained.
Treasuries declined for a second day, the greenback climbed against most of its major peers and the S&P 500 Index halted a two-day advance. Sovereign bonds also retreated amid speculation that higher energy prices will revive inflation after OPEC’s surprise announcement of a deal to cut crude output spurred a surge in oil late Wednesday. Crude traded near $47 a barrel. India’s assets tumbled after the nation attacked terrorist targets in Pakistan.
