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US Treasury yields and the dollar rose and global stocks fell after September consumer prices came in above expectations. A weak 30-year bond auction added to the move, and the 10-year yield climbed to about 4.7%.
Higher US yields and a firmer dollar reinforce expectations of prolonged Fed tightening, which can weigh on dollar-priced commodities and risk sentiment.
uk.investing.comOct 12, 2023After 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.
