# Hawkish Fed minutes leads to renewed sell-off in Treasuries

> Minutes from the Fed's November meeting said a rate hike would be appropriate relatively soon, pushing market odds of a December hike above 90 percent. The dollar index rose to near a 14-year high and Treasury yields climbed.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/73754-hawkish-fed-minutes-leads-to-renewed-sell-off-in-treasuries
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar makes US commodity exports less competitive and tends to pressure dollar-priced grain, oilseed and meal prices, while the stronger dollar cuts import costs for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: 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 | 2021-11-30 | [Gold retreats as Fed's Powell strikes hawkish tone](https://feedsoft.ai/events/43957-gold-retreats-as-fed-s-powell-strikes-hawkish-tone.md) | -0.4% | -1.0% |
| DXY | 2018-10-17 | [edges lower as dollar gains after hawkish Fed minutes](https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes.md) | +1.1% | +2.3% |
| DXY | 2026-06-18 | [Fed Holds Rates, New Chair Leans Hawkish, Gold Down but Not Out \| Investing.com](https://feedsoft.ai/events/18709-fed-holds-rates-new-chair-leans-hawkish-gold-down-but-not-out-investing-com.md) | +1.4% | +1.0% |
| DXY | 2025-10-30 | [India rupee falls to fortnightly low on Fed's hawkish jolt, outflows \| Reuters](https://feedsoft.ai/events/22690-india-rupee-falls-to-fortnightly-low-on-fed-s-hawkish-jolt-outflows-reuters.md) | +1.1% | +0.4% |
| CORN | 2023-07-26 | [Fed lifts rates, Powell leaves door open to another hike in September](https://feedsoft.ai/events/35277-fed-lifts-rates-powell-leaves-door-open-to-another-hike-in-september.md) | -13.9% | -17.3% |
| CORN | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | +0.9% | +0.3% |
| CORN | 2021-06-17 | [Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets \| Reuters](https://feedsoft.ai/events/46776-global-markets-tech-shares-buck-trend-as-hawkish-fed-weighs-on-global-stock.md) | -2.4% | +2.5% |

## Sources

- investmentweek.co.uk: https://www.investmentweek.co.uk/investment-week/news/2478311/hawkish-fed-minutes-leads-renewed-sell-treasuries

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