TLT - Delta variant surge is hiting sentiment but not yet spending BofA says: At the Open

filadendron/E+ via Getty Images "The virus situation has evolved quickly," BofA Securities economists Stpehen Juneau and Michelle Meyer write in note today. "Data still point to a strong ongoing recovery but downside risks have clearly risen." Stock index futures are mixed this morning after a strong rebound yesterday in equities that also saw Treasuries yields snap back. S&P futures (SPX) (SPY) and Dow futures (INDU) (DIA) are higher, while Nasdaq 100 futures (NDX:IND) (QQQ) are down. The 10-year Treasury yield (TBT) (TLT), which touched 1.12% yesterday, is up 3 basis points to 1.24%. Yesterday the CDC said that the Delta variant accounted for 83% of new cases. BofA notes that the 7-day average of U.S. COVID cases for the week ended July 16 jumped 58.4% to 28.9K, the most since the week ended May 16. "The surge in cases has been driven by outbreaks in Southern states where vaccination rates are

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Delta variant surge is hiting sentiment, but not yet spending, BofA says: At the Open