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Negative dynamics of the US debt market

Negative dynamics of the US debt market | 06 September 2021

06 September 2021, GBP/USD

Negative dynamics of the US debt market

GBPUSD trading plan:

Longer-dated U.S. Treasury yields rose and the yield curve steepened after data showed wages increased more than expected in August even as jobs growth slowed. Average hourly earnings rose 0.6% in the month, more than the 0.3% traders expected. Federal Reserve Chair Jerome Powell said last week there was no rush to tighten monetary policy and gave a detailed account on why he regards a spike in inflation as temporary. Benchmark 10-year yields rose to 1.322%, from around 1.299% before the data was released. The yield curve between two-year and 10-year notes steepened to 111 basis points, from 108 basis points.

Investment idea: buy 1.3828 and take profit 1.3888.

David Johnson
Analyst of «FreshForex» company
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