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The BIS reports that global bond yields rose sharply through November 2016, a move similar in size to the 2013 taper tantrum, after the US election. The dollar strengthened, and emerging-market bond outflows and currency depreciation in the post-election week were larger than in 2013.
A stronger dollar and rising US yields tighten financial conditions for emerging markets, which can weaken their currencies and dampen their import demand for feed and grain.
bis.orgDec 11, 2016After 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.
