U.S. Treasury yields have tumbled | 23 Julio 2021

GBPUSD trading plan:

U.S. Treasury yields have tumbled in a sign traders may be losing confidence in both the U.S. growth outlook and the Fed's ability to navigate between the shoals of a resurgent pandemic that may require more help from the central bank. The number of Americans filing new claims for jobless benefits rose to a two-month high last week, the Labor Department said in a report that nevertheless showed more people are returning to work. Initial claims for state unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 for the week ended July 17. The yield on 10-year Treasury notes fell 2.1 basis points to 1.26%.This is a negative signal for the dollar.

Investment idea: buy 1.3735 and take profit 1.3800.