The yield on German 10-year bonds, seen as the euro area benchmark, crossed 3.5% on Friday for the first time since April 2011.

(Refiles to remove extraneous word from headline)By Stella QiuSYDNEY, Sept 11 : Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices…

Global bond yields reached multi-year highs as oil prices surged, increasing inflation worries. Share markets tumbled worldwide on Friday due to these escalating economic…