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Low yield on U.S. Treasury bonds

Low yield on U.S. Treasury bonds | 08 July 2021

08 July 2021, GBP/USD

Low yield on U.S. Treasury bonds

GBPUSD trading plan:

U.S. Treasury yields on track for a seventh straight session of declines on worries the economic recovery may be softening. Recent data on the labor market and services sector has given investors pause that the economy may not be strengthening as initially anticipated and some underlying weakness may be emerging. The U.S. Labor Department said job openings edged up in May while hiring dipped, indicating the economy continues to struggle with labor shortages. Minutes from the Fed's June 15-16 meeting showed central bank officials believed "substantial further progress" on the economic recovery had not yet been met.

Investment idea: buy 1.3773 and take profit 1.3881.

David Johnson
Analyst of «FreshForex» company
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