U.S. stocks fell, Treasury yields rose and the dollar weakened after Bloomberg reported that Chinese officials were said to be wary of American government debt, further roiling a bond market unnerved by a recent selloff.
The 10-year Treasury yield rose toward 2.59 percent ahead of a note auction after senior government officials in Beijing recommended slowing or halting purchases. The news rippled through markets, with gold, euro and Swiss franc jumping. The S&P 500 Index headed for its first decline of the year, while European equities snapped a five-day rally. The dollar retreated against most G10 peers. West Texas oil surged past $63 a barrel as U.S. industry data signaled crude stockpiles dropped.