Update: Stocks slide amid latest bond sell-off

The sell-off in European government bonds has spilled over into equities once again on Thursday, with UK stocks unable to escape the pain.

Equities have begun the day on a sour note as bond yields move higher, with France's CAC40 and Germany's Dax both down 2%. The FTSE 100, meanwhile, has dropped 1.5% to 6,849 and featured just five risers by mid-morning. Bond-like stocks were under pressure, with Centrica and SSE both down 1.4% - though National Grid's 5% fall was in large part due to the stock going ex-dividend. ECB president Mario Draghi accelerated the early June fixed income sell-off yesterday when asked about the recent increase in bond market volatility. Draghi provided little reassurance, saying investors "shoul...