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Analysts say China, holding about $1.1 trillion of US Treasuries, faces a dilemma over whether to sell them as the Fed slashes rates and expands bond purchases. Yields on one- and three-month Treasury bills have dropped below zero.
Fed easing that weakens the dollar tends to support commodity prices over time, but a Chinese Treasury sell-off would be a speculative, not current, driver for feed markets.
scmp.comOrange WangMar 26, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
