# Stock markets roiled by global bond whiplash | Reuters

> Global stock markets were roiled by a sharp sell-off in bonds. Australia's central bank launched a surprise bond-buying operation to steady markets. The dollar index rose to 90.39 and the yen briefly hit its strongest level since September at 106.42 per dollar.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Bond volatility and a firmer dollar shift capital flows and currency values across commodity exporters. The effect on feed grain prices is indirect and likely limited.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | 1 | +0.8% | 3.4 | Bond sell-off and market turmoil on Feb 26 pushed the dollar index higher, with the RBA's surprise intervention showing global stress. |
| EURUSD | 2021-02-26 | 1 | -1.1% | -3.6 | Global bond sell-off whiplash lifted the dollar index to 90.39, contributing to broad dollar strength against the euro. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [GLOBAL MARKETS-Stocks try to recover from bond whiplash, dollar gains By Reuters](https://feedsoft.ai/events/10601-global-markets-stocks-try-to-recover-from-bond-whiplash-dollar-gains-by-reuters.md) | +0.7% | +1.9% |
| DXY | 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) | +1.1% | +1.7% |
| DXY | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | +0.3% | +0.7% |
| DXY | 2022-06-13 | [GLOBAL MARKETS-Inflation fears grip markets as bonds, stocks extend selloff](https://feedsoft.ai/events/9637-global-markets-inflation-fears-grip-markets-as-bonds-stocks-extend-selloff.md) | +1.0% | +2.9% |
| DXY | 2018-07-18 | [GLOBAL MARKETS-Dollar's advance puts squeeze on gold, commodities By Reuters](https://feedsoft.ai/events/63943-global-markets-dollar-s-advance-puts-squeeze-on-gold-commodities-by-reuters.md) | +0.0% | +1.3% |
| EURUSD | 2024-11-06 | [For Europe's markets, Trump's return spells euro pain but bond gains \| Reuters](https://feedsoft.ai/events/5808-for-europe-s-markets-trump-s-return-spells-euro-pain-but-bond-gains-reuters.md) | -3.2% | -3.2% |
| EURUSD | 2021-10-01 | ['Perfect storm' lifts dollar over unsettled markets \| Reuters](https://feedsoft.ai/events/44742-perfect-storm-lifts-dollar-over-unsettled-markets-reuters.md) | -0.1% | -0.2% |
| EURUSD | 2024-01-25 | [GLOBAL MARKETS-Stocks edge higher while euro falls with US Treasury yields](https://feedsoft.ai/events/32345-global-markets-stocks-edge-higher-while-euro-falls-with-us-treasury-yields.md) | -0.4% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/world/china/global-markets-wrapup-4-pix-2021-02-26/

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