Global stocks fell on Thursday, but not before touching a record high.
The MSCI All-Country World Index rose to 434.4, an all-time high, but fell thereafter to close 0.1 percent lower at 432.88.
The S&P 500 closed 0.2 percent lower.
The STOXX Europe 600 was the outperformer on Thursday, jumping 1.0 percent to its highest level since July 2007.
Meanwhile, US Treasuries followed their equity counterparts down on Thursday even as US consumer prices fell 0.7 percent in January, their biggest drop since January 2008.
The fall in US Treasuries comes amid concerns over another possible crisis in the bond market.
“The risk in bonds has gone up,” Francesco Garzarelli, London-based co-head of macro and markets research at Goldman Sachs Group Inc, said in a Bloomberg Television interview on Thursday. “The sensitivity to small changes in yield expectations from here will command very sizable price swings, and I just think that makes fixed income a very dangerous asset class.”
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