# Dollar steadies, US yields climb on poor Treasury sales

> The Dollar Index finished at 104.63 after a weak US Treasury auction lifted the 10-year yield 9 basis points to 4.55%. Hawkish comments from Fed officials and a weaker yen also pushed rates higher.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30531-dollar-steadies-us-yields-climb-on-poor-treasury-sales
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar and higher US yields make dollar-priced feed ingredients more expensive for importers, a mild bearish factor for grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-25 | [Dollar firms on sudden spike in U.S. Treasury yields](https://feedsoft.ai/events/10596-dollar-firms-on-sudden-spike-in-u-s-treasury-yields.md) | +0.9% | +1.7% |
| DXY | 2022-10-19 | [Dollar gains with Treasury yields, sterling tumbles on hot inflation](https://feedsoft.ai/events/39400-dollar-gains-with-treasury-yields-sterling-tumbles-on-hot-inflation.md) | -0.4% | -3.6% |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2023-11-30 | [Global stock index rises as dollar, Treasury yields climb with rates in focus \| Reuters](https://feedsoft.ai/events/33362-global-stock-index-rises-as-dollar-treasury-yields-climb-with-rates-in-focus.md) | +0.6% | -1.2% |
| DXY | 2017-02-15 | [Dollar and treasury yields rise on hawkish Yellen speech](https://feedsoft.ai/events/72684-dollar-and-treasury-yields-rise-on-hawkish-yellen-speech.md) | -0.2% | -0.0% |
| USDCNY | 2022-04-21 | [U.S. 10-year Treasury yield climbs, here's what it means for China](https://feedsoft.ai/events/4951-u-s-10-year-treasury-yield-climbs-here-s-what-it-means-for-china.md) | +2.2% | +5.2% |
| USDCNY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.5% | +0.4% |
| USDCNY | 2024-10-14 | [US dollar climbs to 10-week peak; euro, China's yuan fall](https://feedsoft.ai/events/11042-us-dollar-climbs-to-10-week-peak-euro-china-s-yuan-fall.md) | +0.7% | +2.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/dollar-steadies-us-yields-climb-on-poor-treasury-sales-202405290237

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.