# Timing the Tantrum: The market implications of a big Treasury sell-off | articles | ING THINK

> ING analysts examine the risk of a sharp Treasury sell-off, drawing parallels to the 2013 taper tantrum, when rising US yields hit equities and commodities and lifted the dollar. The note explores when the Fed might signal tapering and how asset markets could react.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48544-timing-the-tantrum-the-market-implications-of-a-big-treasury-sell-off-articles
- 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

A taper-driven yield spike would strengthen the dollar and pressure commodity prices, so feed buyers should watch Fed communication on bond purchases.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-08 | [EM FX: Floating in a sea of red \| articles \| ING THINK](https://feedsoft.ai/events/10432-em-fx-floating-in-a-sea-of-red-articles-ing-think.md) | +0.3% | +0.4% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2018-07-24 | [US: Trumping the doubters \| articles \| ING THINK](https://feedsoft.ai/events/63950-us-trumping-the-doubters-articles-ing-think.md) | -0.7% | +0.8% |
| DXY | 2024-12-20 | [The Commodities Feed: Stronger USD prompts oil sell-off \| articles \| ING THINK](https://feedsoft.ai/events/26895-the-commodities-feed-stronger-usd-prompts-oil-sell-off-articles-ing-think.md) | -0.1% | -0.2% |
| DXY | 2019-04-25 | [Does secular stagnation help the dollar? \| articles \| ING THINK](https://feedsoft.ai/events/59759-does-secular-stagnation-help-the-dollar-articles-ing-think.md) | -0.4% | +0.7% |
| CORN | 2019-04-25 | [Does secular stagnation help the dollar? \| articles \| ING THINK](https://feedsoft.ai/events/59759-does-secular-stagnation-help-the-dollar-articles-ing-think.md) | +0.4% | +6.2% |
| CORN | 2023-11-03 | [FX: Dollar to defy seasonal trends \| articles \| ING THINK](https://feedsoft.ai/events/11460-fx-dollar-to-defy-seasonal-trends-articles-ing-think.md) | +1.0% | -1.0% |
| CORN | 2020-05-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/53331-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.0% | +1.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/timing-the-tantrum-a-qa-on-when-a-big-treasury-sell-off-might-occur-and-its-implications/

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