Markets Begin to Claw Back Friday’s Losses as Variant Fears Ease
- U.S. yields lead U.K., German peers higher, stock futures rise
- Oil roars back, while Australian, Mexican currencies bounce
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Global markets were solidly green on Monday as traders took confidence from reports that the omicron variant could be less dangerous than feared.
The benchmark 10-year Treasury yield jumped as much as 7 basis points to 1.54%. That unwound some of Friday’s 16 basis point plunge -- the steepest since March 2020.