The worst bond-market rout in history is a grave threat to stock prices, hedge fund CIO warns

• The collapse in bond prices will put stocks under pressure, according to Livermore Partners CIO David Neuhauser.
• Spiking yields will "cause a lot of pain moving forward in terms of the economy," he told CNBC.
• Neuhauser’s warning comes with the S&P 500 having plunged 10% over the past three months, wiping out most of its first-half gains.

The record-breaking collapse in US Treasury bond prices poses a grave threat to stocks, a hedge fund CIO has warned.