# Bond yields surge after Fed’s third consecutive 0.75% interest rate rise

> After the Fed's third consecutive 75 basis point hike, US bond yields surged, with the 10-year reaching 3.71%, its highest since 2011. Wall Street sold off as officials signalled further tightening and a possible recession.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/39839-bond-yields-surge-after-fed-s-third-consecutive-0-75-interest-rate-rise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US yields and a Fed prepared to tolerate recession strengthen the dollar and weigh on risk assets, which tends to pressure dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-15 | [Sterling falls after BoE's ninth consecutive rate hike](https://feedsoft.ai/events/38476-sterling-falls-after-boe-s-ninth-consecutive-rate-hike.md) | +0.4% | -2.2% |
| 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 | 2017-02-09 | [U.S. dollar, bond yields rise after Trump promises tax plan](https://feedsoft.ai/events/72685-u-s-dollar-bond-yields-rise-after-trump-promises-tax-plan.md) | +0.1% | +0.7% |
| DXY | 2018-10-03 | [Australian dollar slammed after U.S. bond yields surge higher](https://feedsoft.ai/events/62788-australian-dollar-slammed-after-u-s-bond-yields-surge-higher.md) | +0.6% | +2.3% |
| DXY | 2021-06-17 | [Rupiah Corrected After The Fed Advances Projection Of Interest Rate Increase](https://feedsoft.ai/events/46901-rupiah-corrected-after-the-fed-advances-projection-of-interest-rate-increase.md) | +1.1% | +1.7% |

## Sources

- marketindex.com.au: https://www.marketindex.com.au/news/bond-yields-surge-after-feds-third-consecutive-0-75-interest-rate-rise

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