Copper Futures Fall as U.S. Treasury Yields and Dollar Rise
September Copper futures experienced a pullback, falling about 3.5 percent over 2 sessions after recently hitting a 6-week high. The decline is largely attributed to rising U.S. Treasury yields, which have reached their highest levels in 2026. Notably, the 10-Year yield climbed to 4.71 percent, marking its highest point since early 2025. This surge in yields has bolstered the dollar, creating a headwind for copper by increasing costs for foreign buyers. Additionally, global copper inventories are showing a distinct split. Overseas stocks are declining as metal moves toward China, while U.S. inventories are hovering near record levels due to traders adjusting storage locations in response to tariff risks.
September Copper futures experienced a pullback, falling about 3.5 percent over 2 sessions after recently hitting a 6-week high.
The decline is largely attributed to rising U.S.
Treasury yields, which have reached their highest levels in 2026.
Notably, the 10-Year yield climbed to 4.71 percent, marking its highest point since early 2025.
This surge in yields has bolstered the dollar, creating a headwind for copper by increasing costs for foreign buyers.
Additionally, global copper inventories are showing a distinct split.
Overseas stocks are declining as metal moves toward China, while U.S. inventories are hovering near record levels due to traders adjusting storage locations in response to tariff risks.