This chart from Sharon Zollner of ANZ research, warns that the global bond yields s are rising. Not only the major bond yields are rising together, their rise coincides with the drop in equity indices. 

In a financial world, where yields rise and stocks decline can be a very scary one, especially at a time when major central banks are close or below zero bound and most are still easing.

Fitch has previously warned that if the bond yields retrace back to 2011 levels, loss to bondholders would run in several trillion of dollars.