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World stock markets up near record high; low yields help

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NEW YORK (Reuters) - Global equity markets traded higher on Monday, although they pared gains from levels close to an all-time high, as low interest rates bolstered sentiment even as U.S. Treasury yields rose.

Wall Street's benchmark S&P 500, which had been poised to post its seventh record close in eight trading sessions, retreated and traded flat. The Dow and Nasdaq were higher in late trade.

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