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Global stock markets climb to record as U.S. yields hold above 5-month lows

//July 12, 2021

Global stock markets climb to record as U.S. yields hold above 5-month lows

//July 12, 2021//

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NEW YORK, July 12 (Reuters) – A gauge of global hit an intraday record on Monday and U.S. Treasuries yields held above five-month lows reached last week as investors looked for signs on whether the variant of the coronavirus could dent global growth.

Concerns about a slowing economic recovery due to climbing cases of the variant around the globe helped send the yield on the benchmark 10-year U.S. Treasury note to a five-month low of 1.25% last week. The yield had risen to as high as 1.78% in March as expectations for growth picked up with rising vaccination rates.

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