A few weeks ago, the Chinese government's decided on a sudden depreciation the yuan (back down to 6.5 to the dollar) to stimulate their domestic economy. You can see this in the small spike at the far right of the graph. But now the Chinese government has decided that the currency fell too far, and has been selling treasuries to support the yuan.
The clear takeaway is that there's a substantial amount of upward pressure building for UST (US Treasury) yields and that is a decisively undesirable situation for the Fed [Federal Reserve] to find itself in going into September.
If the Chinese sell treasuries (borrowing by the US government), this puts downward pressure on treasury prices, and upward pressure on yields. If US treasury yields rise, the cost of borrowing increases, and the government (and private borrowers) will face a higher cost of capital. The dollar will also appreciate. All of these effects will hurt US companies (and employment).
The interactions between markets (foreign exchange, domestic unemployment, domestic interest rates) is the hallmark of macroeconomics. Microeconomics typically focusses on only one market at a time.