Global bond yields have reached fresh multi-year highs, with the 10-year U.S. Treasury yield surpassing 5% for the first time since 2007.
The sharp increase in bond yields has delivered a one-two blow to stocks, which fell across the board on Tuesday.
The Bank of England is set to announce its decision to stop selling 20- and 30-year gilts, relieving pressure at the long end of the curve.
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