Loading…
The Federal Reserve held rates, but Treasury yields rose sharply, with the 10-year up about five basis points to 5.04% and the 30-year at 5.36%. The 2-year yield fell to about 4.72% after Chair Kevin Warsh declined to commit to a December hike.
Higher long-term yields and a firmer dollar tighten financial conditions, which can pressure commodity prices and raise carrying costs for feed buyers.
After 2,356 past bullish macro events, DXY 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.