U.S. economic health limits decline in 10-year Treasury yield

Odaily News BBH market strategists said in a report that the U.S. economy is still in good shape, limiting the room for the 10-year U.S. Treasury yield and the dollar to fall. The annual growth rate of the U.S. economy is well above the long-term trend growth rate of 1.8%. Importantly, the solid U.S. labor market conditions indicate that consumer spending will remain the main driver of economic growth. (Jinshi)