
US Treasury yields fell to multi-week lows as European government bonds declined on the Italian political crisis, prompting a flight to safe-haven assets. Italian president appointed an interim prime minister tasked with planning fresh elections and passing a budget.
Safe-haven flows into Treasuries and a firmer dollar tighten global financial conditions, which can weigh on commodity prices and on emerging-market currencies that import feed.
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.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.