# Stocks fall, yields rise as central banks rattle markets

> World stocks fell for a fifth straight session and the dollar index rose to 105.74, its strongest since March, after the Federal Reserve kept rates steady but signaled another hike was possible. The 10-year Treasury yield hit its highest since 2007.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher US yields and a firmer dollar tighten global financial conditions, raising borrowing costs for farmers and feed importers and pressuring dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-29 | [Emerging-market central banks are losing battle against traders \| FMT](https://feedsoft.ai/events/64768-emerging-market-central-banks-are-losing-battle-against-traders-fmt.md) | -1.1% | -0.9% |
| DXY | 2023-10-12 | [Dollar, yields rise, stocks fall after US consumer price data By Reuters](https://feedsoft.ai/events/33818-dollar-yields-rise-stocks-fall-after-us-consumer-price-data-by-reuters.md) | +0.9% | -0.6% |
| DXY | 2024-01-25 | [GLOBAL MARKETS-Stocks edge higher while euro falls with US Treasury yields](https://feedsoft.ai/events/32345-global-markets-stocks-edge-higher-while-euro-falls-with-us-treasury-yields.md) | -0.0% | +0.5% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2023-12-05 | [Most Asian FX, stocks fall after traders reconsider Fed rate cut bets - Markets - Business Recorder](https://feedsoft.ai/events/32968-most-asian-fx-stocks-fall-after-traders-reconsider-fed-rate-cut-bets-markets.md) | +0.4% | -0.6% |
| CORN | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | -2.5% | -0.4% |
| CORN | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +1.1% | -0.6% |
| CORN | 2018-05-24 | [Most FOMC participants say they may raise rates ‘soon’, minutes show - Central Banking](https://feedsoft.ai/events/64945-most-fomc-participants-say-they-may-raise-rates-soon-minutes-show-central.md) | -2.0% | -9.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-09-21/

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