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The health of the US economy limits the decline in the yield of 10-year US Treasury bonds.
On February 6, Jinshi data reported that BBH's market strategist stated in a report that the US economy is still in good condition, limiting the space for the yield of 10-year US Treasury bonds and the decline of the US dollar. The annual rise rate of the US economy is much higher than the long-term trend rise rate of 1.8%. Importantly, the stable US labor market conditions indicate that consumer spending will continue to be the main driving force for economic growth.