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South Korean government bonds rallied on Thursday after a brief pause in the rise in yields, even though the US FOMC held rates steady with a hawkish tone. The 10-year US Treasury yield had reached a three-year high earlier, and Fed funds futures priced a high chance of a March hike.
Expectations of faster US rate hikes strengthen the dollar and pressure emerging-market currencies, which affects the cost of dollar-priced feed ingredients for importers in those markets.
koreaherald.comSon Ji-hyoungFeb 1, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
