# TREASURIES-U.S. yields sink, tracking European bonds on Italy turmoil

> 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.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/65221-treasuries-u-s-yields-sink-tracking-european-bonds-on-italy-turmoil
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-04 | [/-Bond yields surge in U.S. Treasuries sell-off, stocks sink globally \| Reuters](https://feedsoft.ai/events/62716-bond-yields-surge-in-u-s-treasuries-sell-off-stocks-sink-globally-reuters.md) | +0.2% | +1.5% |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2021-02-25 | [Dollar firms on sudden spike in U.S. Treasury yields](https://feedsoft.ai/events/10596-dollar-firms-on-sudden-spike-in-u-s-treasury-yields.md) | +0.9% | +1.7% |
| DXY | 2023-10-26 | [Ringgit reverses gains on increasing US bond yields \| Scoop](https://feedsoft.ai/events/33893-ringgit-reverses-gains-on-increasing-us-bond-yields-scoop.md) | +0.0% | -2.9% |
| DXY | 2024-05-29 | [Dollar steadies, US yields climb on poor Treasury sales](https://feedsoft.ai/events/30531-dollar-steadies-us-yields-climb-on-poor-treasury-sales.md) | +1.1% | +2.3% |
| EURUSD | 2024-08-30 | [Euro zone bond yields drop as inflation data supports ECB easing hopes](https://feedsoft.ai/events/29012-euro-zone-bond-yields-drop-as-inflation-data-supports-ecb-easing-hopes.md) | 0.0% | +0.7% |
| EURUSD | 2017-10-26 | [Euro drops after ECB trims stimulus; Treasury yields higher](https://feedsoft.ai/events/68670-euro-drops-after-ecb-trims-stimulus-treasury-yields-higher.md) | -1.6% | +1.1% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/29/reuters-america-treasuries-u-s-yields-sink-tracking-european-bonds-on-italy-turmoil.html

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