◂ Event Timeline

Feb 26, 2021MACROUS

U.S. yields soften after vaulting to one-year highs; sentiment wary

U.S. Treasury yields eased after the 10-year note hit 1.614%, its highest in a year, on Thursday. Investors repositioned on growth concerns while the Biden $1.9 trillion COVID aid package remained in focus.

WHY IT MATTERS

Rising yields tighten financial conditions and can strengthen the dollar, a headwind for commodity prices, though stimulus expectations partly offset this for demand outlooks.

AFFECTSDXY▲

SOURCE
reuters.comRoss Kerber, Saikat ChatterjeeFeb 26, 2021

Price reaction & history

DXY▲bullishSO FAR1d +0.8%5d +0.7%20d +1.9%

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Oct 25, 2023Dollar up as risk sentiment sours, Treasury yields rise | Reuters+0.2%
Feb 26, 2021Dollar firms after U.S. yield spike, hits six-month high versus yen | Reuters+0.7%
Mar 8, 2021Dollar at 3-1/2-month high on firmer yields, U.S. growth | Reuters-0.6%
Sep 30, 2021Dollar near one-year high as Fed tightening in focus | Reuters+0.0%
Jun 26, 2024Gold falls to two-week low as higher dollar, yields dent appeal | Reuters+0.3%

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.

DXY · GP ▸

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