# FX Daily: Bond sell-off re-prices risk

> A global bond sell-off saw US 10-year yields approach 1.55% and Australian bond yields rise 50bp in a week. Higher real US rates pressured high-yield emerging market currencies such as the rand and peso, along with local bond markets.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9592-fx-daily-bond-sell-off-re-prices-risk
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher real rates and weaker emerging-market currencies can raise the cost of imported feed and reduce import demand in those markets. The price effect on feed commodities is mainly through currency channels.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲
- USDZAR: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | 1 | +0.8% | 3.4 | Bond sell-off raised real US rates and pressured EM and risk currencies, supporting the dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | [Dollar hits 14-year high as Trump-fuelled bond sell-off resumes](https://feedsoft.ai/events/9131-dollar-hits-14-year-high-as-trump-fuelled-bond-sell-off-resumes.md) | +0.6% | -0.0% |
| DXY | 2022-06-14 | [FX Daily: All in on 75bp bets](https://feedsoft.ai/events/7712-fx-daily-all-in-on-75bp-bets.md) | -0.4% | +1.8% |
| DXY | 2026-09-30 | [Global bond selloff boosts dollar, pressures euro](https://feedsoft.ai/events/17693-global-bond-selloff-boosts-dollar-pressures-euro.md) | -0.1% | +0.7% |
| DXY | 2026-02-06 | [Won-Dollar Rate Breaks 1,470 on Risk-Off Sentiment - Seoul Economic Daily](https://feedsoft.ai/events/20839-won-dollar-rate-breaks-1-470-on-risk-off-sentiment-seoul-economic-daily.md) | -0.8% | +0.8% |
| DXY | 2023-10-26 | [Asia FX, stocks slip as risk-off sentiment prevails - Markets - Business Recorder](https://feedsoft.ai/events/33927-asia-fx-stocks-slip-as-risk-off-sentiment-prevails-markets-business-recorder.md) | +0.0% | -2.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-bond-sell-off-re-prices-risk/

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