Economics

Central Banks Snuff Out Classic Rate Bets as Commodities Surge

U.S. yields, Australia dollar lag surge in commodities prices
Central banks have held firm that rates, policy to stay loose

Biden Open To Options On Spending As Congress Takes Over — Photographer: Stefani Reynolds/Bloomberg

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By Michelle Jamrisko and Ruth Carson

May 17, 2021 at 12:00 PM EDT

Updated on

May 18, 2021 at 3:30 AM EDT

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The surge in commodities prices is failing to trigger some of the traditional responses in bonds and currencies.

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Before it’s here, it’s on the Bloomberg Terminal