A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets
Published . Updated .
Higher U.S. rates could also keep global bond yields elevated and weigh on equity valuations and economic growth.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond
Long-term bonds move when yields change
- IEF iShares 7-10 Year Treasury Bond
Treasury bonds move when yields change
- SHY iShares 1-3 Year Treasury Bond
Short-term bonds move when the Fed changes rates
- SPY SPDR S&P 500
Stocks move when the Fed changes the rate path
- JPM JPMorgan Chase
Bank profits move with lending and interest rates
- BAC Bank of America
Bank profits move with lending and interest rates
- GS Goldman Sachs
Bank profits move with lending and interest rates
- XLF Financial Select Sector SPDR
A fund of financial companies
- KRE SPDR S&P Regional Banking
Regional banks are sensitive to interest rates
- PGHY INVESCO GLOBAL EX-US HIGH YIELD CORPORATE BOND ETF
GA selected PGHY as a RELATED security because its canonical security name directly matches this event's themes: global, yields. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The price since 17 Sep 2026: Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY) versus the S&P 500
Since the first closing price after “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets,” Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY) is -2.72%. The S&P 500 fund (SPY) is +0.65% over the same days, a -3.38% difference versus the market.
Who gains and who loses around Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY)
Companies carried with this story
- PGHY Invesco Global Ex-Us High Yield Corporate Bond Etf
Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: GA selected PGHY as a RELATED security because its canonical security name directly matches this event's themes: global, yields. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FAS Direxion Daily Financial Bull 3X Etf
Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- JETS U.S. Global Jets Etf
In “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets,” U.S. Global Jets Etf (JETS) is linked, with no stored direction, medium confidence. Reason on file: GA selected JETS as a RELATED security because its canonical security name directly matches this event's themes: global. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- RYLD Global X Msci Greece Etf
Global X Msci Greece Etf (RYLD) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: GA selected RYLD as a RELATED security because its canonical security name directly matches this event's themes: global. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BOAT Sonicshares Global Shipping Etf
Sonicshares Global Shipping Etf (BOAT) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: GA selected BOAT as a RELATED security because its canonical security name directly matches this event's themes: global. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- XLF Select Sector Spdr Tr
Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation
- KRE Spdr Series Trust
In “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation
- AGGY Wisdomtree Yield Enhanced Us Bond Fund
Wisdomtree Yield Enhanced Us Bond Fund (AGGY) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets.” Reason on file: GA selected AGGY as a RELATED security because its canonical security name directly matches this event's themes: yields. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY)
The 17 Sep 2026 story “A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets” names Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY) because of this story.
Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY) is on the page because GA selected PGHY as a RELATED security because its canonical security name directly matches this event's themes: global, yields. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Direxion Daily Financial Bull 3X Etf (FAS) is here too. Its reason reads: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY), and the dates in the story
FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. JETS traded between 25.57 and 29.77 across 20 sessions. The latest close on file is 25.59. PGHY traded between 18.93 and 19.49 across 20 sessions. The latest close on file is 18.94.
A simple score for Invesco Global Ex-Us High Yield Corporate Bond Etf (PGHY)
100 out of 100
“A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets” scores 100 out of 100. The score uses 13 linked companies.