World stocks steady, Treasuries yields edge up as Delta variant spreads

  • MSCI World index steady; T-Bill yields perk up
  • Gold on course for third week of gains
  • Reflation trade in question as COVID-19 cases rise
  • Treasury rally stalls:

LONDON/SYDNEY, July 9 (Reuters) – World stocks steadied, Treasury yields bounced and the dollar held firm on Friday as markets took a cautious breather in the face of fresh concerns over the pace of the world’s economic recovery from COVID-19.

Markets have been roiled this week as a rise in cases of the Delta coronavirus variant globally crimped risk appetite and led to a flight to safety as some bet the post-pandemic

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