London — Stocks fell on the LSE on Friday, hit by the surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise US interest rates by the end of the year. Benchmark 10-year US and eurozone bonds markets as zone yields rose to their highest since May and 10-year British yields were firmly on track for their steepest monthly rise since January 2009, the second biggest in over 20 years. Investors’ focus turns to third-quarter US GDP figures later on Friday after upbeat jobless claims, manufacturing and home sales data on Thursday strengthened the case for the Fed to raise rates by year’s end. "Bond markets are facing a recurring nightmare at the moment as we continue to see yields rise sharply," said John Reid, a market strategist at Deutsche Bank. Analysts at Rabobank called the bond market sell-off a "bloodbath", but asked if economic fundamentals justified such a steep rise in yields. Euro...
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