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U.S. Treasury yields shot up

U.S. Treasury yields shot up | 17 June 2021

17 June 2021, GBP/USD

U.S. Treasury yields shot up

GBPUSD trading plan:

U.S. Treasury yields shot up after Federal Reserve policymakers moved up their projections for commencing interest rates hikes to 2023 from 2024 as the economy recovers from the coronavirus pandemic. At the conclusion of its two-day policy meeting, the Fed disclosed that 11 out of 18 officials were projecting at least two quarter-point interest rate increases in 2023 even as the central bank pledged to keep a supportive policy in place to aid the ongoing jobs recovery. The benchmark 10-year yield was last up 5.6 basis points at 1.555%, its highest level in a week.

Investment idea: range 1.3950 -1.4040.

David Johnson
Analyst of «FreshForex» company
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