Bonds, Stocks Climb on Oil's Pullback; Yen Jumps After Japan's Currency Intervention

GLOBAL MARKET - LONDON. Global bond prices and stocks rose on Thursday as oil prices retreated from four-year highs, while the yen jumped after sources said Japan intervened to prop up the currency.

Global benchmark Brent crude futures rose as high as $126.41 a barrel but did not hold those gains, settling down $4.02, or 3.4%, at $114.01. U.S. crude fell $1.81 to settle at $105.07.