Wall St rattled by bond report

A slide in Wall Street, involving fears over interest rates and reported Chinese cooling over US bonds, sent tremors around the world that an almost nine-year bull market in stocks was at an end.

A report that China, which already holds huge amounts of US debt, was beginning to cool on US bonds heightened fears over world interest rates at a time when President Donald Trump needs to sell huge amounts of US debt to fund his tax cuts and a vastly growing debt pile, said Peter Brown, director of Baggot Investment Partners in Dublin.