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The BIS Quarterly Review for March 2021 reported that risky assets strengthened as prospects for a stronger recovery lifted prices. Government yield curves steepened in the United States and Europe as investors priced in higher inflation and fiscal support.
Sentiment toward emerging-market assets, particularly in East Asia, stayed favorable.
Steeper yield curves and expected inflation support commodity prices, but rising bond yields raise the cost of carrying feed inventories and financing livestock operations. Strong emerging-market flows can support demand for imported feed in East Asia.
bis.orgMar 1, 2021After 139 past report events, US Dollar (Broad) moved a median -0.1% over 5 sessions (47% higher; middle half -0.5% to +0.4%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
