# Treasury Yield Surge Rattles Emerging-Market Currencies in Asia - Infobae

> Rising US Treasury yields weighed on emerging Asian currencies on January 7, 2021, with the South Korean won falling over 1% and the Indonesian rupiah dropping 0.8%. The 10-year Treasury yield climbed to 1.10%, its highest since March. Analysts expect the move may temporarily reverse the dollar's recent slide.

- Date: 2021-01-08 · published 2021-01-08T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/49393-treasury-yield-surge-rattles-emerging-market-currencies-in-asia-infobae
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger dollar and weaker Asian currencies raise the local-currency cost of imported feed grains and meals in the region. The effect is likely to be temporary unless yields keep climbing.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-30 | [Fresh Stress Grips Weakest Emerging-Market Currencies](https://feedsoft.ai/events/63696-fresh-stress-grips-weakest-emerging-market-currencies.md) | +0.9% | +0.3% |
| DXY | 2023-10-04 | [The Fed - U.S. Interest Rates and Emerging Market Currencies: Taking Stock 10 Years After the Taper Tantrum](https://feedsoft.ai/events/33530-the-fed-u-s-interest-rates-and-emerging-market-currencies-taking-stock-10-years.md) | -0.8% | +0.0% |
| DXY | 2024-07-03 | [EM currencies fall amid Treasury yields outlook - InvestmentNews](https://feedsoft.ai/events/9455-em-currencies-fall-amid-treasury-yields-outlook-investmentnews.md) | -0.9% | -0.5% |
| DXY | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +1.7% | +1.8% |
| DXY | 2016-11-14 | [Emerging market bond, currency markets face ‘meltdown’ after Trump's win](https://feedsoft.ai/events/74153-emerging-market-bond-currency-markets-face-meltdown-after-trump-s-win.md) | +1.4% | +0.8% |

## Sources

- infobae.com: https://www.infobae.com/en/2021/01/08/treasury-yield-surge-rattles-emerging-market-currencies-in-asia/

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