# Short exit stampede at 1.4% drives U.S. Treasury yield slump, traders say

> A cascade of short-covering stop-loss orders drove a sharp fall in US Treasury yields, as investors sought havens amid growing worries about economic growth. The move caught broader markets by surprise and the high-flying Australian dollar weakened sharply. The article text is fragmentary.

- Date: 2021-07-07 · published 2021-07-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46325-short-exit-stampede-at-1-4-drives-u-s-treasury-yield-slump-traders-say
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A flight to Treasuries and a weaker Aussie reflect risk-off sentiment that can pressure industrial and energy demand expectations, but the direct impact on feed commodity prices is small.

## Read by commodity

- DXY: neutral
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-26 | [Dollar Ends the Week Flat Even as Treasury Yields Fall](https://feedsoft.ai/events/31932-dollar-ends-the-week-flat-even-as-treasury-yields-fall.md) | -0.0% | +0.1% |
| DXY | 2021-03-10 | [Dollar claws back some losses as U.S. yields stabilise \| Reuters](https://feedsoft.ai/events/48317-dollar-claws-back-some-losses-as-u-s-yields-stabilise-reuters.md) | -0.8% | -0.7% |
| DXY | 2021-09-28 | [BoE Rate-Hike Speculation Keeps Sterling Afloat As Yield Trends Dominate Markets \| Exchange Rates UK](https://feedsoft.ai/events/45310-boe-rate-hike-speculation-keeps-sterling-afloat-as-yield-trends-dominate.md) | +0.5% | -0.1% |
| DXY | 2024-12-19 | [Bank of England delivers 'dovish hold' as growth stalls, trade risks rise \| Euronews](https://feedsoft.ai/events/27201-bank-of-england-delivers-dovish-hold-as-growth-stalls-trade-risks-rise-euronews.md) | +0.5% | +1.4% |
| DXY | 2024-02-08 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/31865-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.4% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-bonds-update-1-2021-07-07/

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