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Global stocks fell on February 26 as the 10-year Treasury yield touched 1.614%, its highest in a year. The dollar gained, and U.S. consumer spending rose by the most in seven months in January.
Higher yields and a firmer dollar tighten conditions for dollar-priced commodities, while stronger consumer spending supports demand for animal protein.
in.investing.comFeb 26, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
Global stock decline, 10-year yield at a one-year high and strong US spending data supported the dollar on the day.
