Stocks slip back as bond yields rise sharply
UK stocks gave up some of Friday’s gains as markets in Asia softened and US futures also pointed down.
At 9am the FTSE 100 index was trading down 70 points or 1% at 6,554 as government bond yields rose around the world, spurred by reflation hopes, and copper hit its highest price for nine years.
Mining stocks were the principal gainers, accompanied by a handful of banks and travel and ...