Bankers and investment professionals have echoed concerns about the financial markets raised by the Bank for International Settlements, highlighting bonds as particularly vulnerable to any shift away from the current state of “euphoria”.

A Financial News poll of market opinion following Sunday's report from economists at the BIS found investors broadly agree with the organisation's concerns, after it claimed financial markets have become euphoric and are not reflective of underlying economies. It says low interest rates have lulled markets into a false sense of security and argues that the original reasons for the financial crisis remain unresolved.