'Bond market riot' sends ASX and Wall Street lower — as it happened

What happened

Summary: ABC News reports the Australian share market falling as oil surged above $US100 a barrel, and the ASX set to fall amid a deepening global bond sell-off. CNBC reports US Treasury yields climbing after a global bond selloff.
Key point: ABC News reports the Australian share market falls as the price of oil surges above $US100 a barrel.
Key point: ABC News reports the ASX is set to fall as a global bond sell-off deepens, with US yields hitting multi-decade highs as oil and inflation fears build.
Key point: CNBC reports US Treasury yields continued to climb to end the week following a global bond selloff and stronger-than-expected US economic data.
Qualification: ABC News headline says a 'bond market riot' sends ASX and Wall Street lower; another says ASX to fall as bond turmoil deepens, oil jumps.
Qualification: ABC News reports steep Wall Street losses as tech and AI stocks are sold off, and that property developer Bathla is expected to cease construction at all sites.
Unresolved: CNBC headline says the global bond rout slows while its snippet says yields climbed following a global bond selloff.