Shares ‘to crash’ on bond D-Day

GLOBAL markets could be panicked into a fresh slump in coming weeks as the US bond sell-off deepens.

Experts said yields on ten-year US government debt – which rise as the price of buying it falls – could climb above the key level of 3.04pc within a fortnight as investors fret about rising inflation.

Statisticians say this will mark the end of a decades-long decline in yields that took off under President Ronald Reagan in the 1980s.

If 3.04pc is hit, then robot traders could automatically shunt billions of pounds out of the stock market and into bonds due to the prospect of rising returns for much less risk, causing global share prices to plunge.