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The European Central Bank published the account of its 10-11 March 2021 monetary policy meeting. Officials noted rising long-term bond yields driven mainly by higher term premia and a larger inflation risk premium.
Higher inflation expectations and bond yields point to a tighter monetary backdrop, but the account contains no direct signal for feed grain or oilseed supply and demand.
ecb.europa.euEuropean Central BankApr 8, 2021After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
