FTSE 100 falls as bond worries offset lower oil

The FTSE 100 closed down 48.17 points on Tuesday (James Manning/PA) - (PA Archive)

The FTSE 100 fell sharply on Tuesday as US bond yields hit a 24-year high over fears that rising inflation will spark further interest rate hikes.

In London, the FTSE 100 index ended down 48.17 points, 0.5%, at 10,636.71. The FTSE 250 rose 39.49 points, 0.2%, to 24,374.81, and the AIM all-share firmed 2.80 points, 0.4%, at 786.16.