U.S. Economy Remains Strong, Limiting Treasury Yield Decline

According to Odaily, market strategists at BBH report that the U.S. economy continues to perform well, which restricts the potential decline in the 10-year U.S. Treasury yield and the dollar. The annual growth rate of the U.S. economy significantly exceeds the long-term trend growth rate of 1.8%. Notably, the robust condition of the U.S. labor market indicates that consumer spending will remain a key driver of economic growth.