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US GDP & 10YR Bond Yields

The technology sector in the US continues to perform against a backdrop of data showing stronger-than-expected growth in the US economy.

The US economy expanded at its most robust pace in more than two years in the second quarter, supported by solid consumer spending and a pickup in business investment.

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GDP rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter.

Interestingly, the bond market remains less than convinced with the 10 year yields retreating to a low of 2.11%, down 50 basis points from their 2017 high of 2.64%.

 

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