Shares of banks and other financial institutions fell amid Treasury market volatility. Yields on 10-year and 30-year Treasurys tested 24-year highs due to concerns about the outlook for inflation and central-bank policy. Yields eased after a surprisingly strong auction of 10-year notes.

One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.