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US Treasury note futures were little changed on thin newsflow outside geopolitics. Fed officials Logan and Musalem called for at least two more 25bp hikes, with Musalem saying a further increase was needed soon.
Bunds and JGBs also drifted modestly.
Hawkish Fed signals support a stronger dollar and higher financing costs, which can weigh on commodity prices and farm credit. The lack of a bond market reaction limits any immediate price impact on feed markets.
newsquawk.comNov 2, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
