Mining Faces Potential Headwind From Flattening Yield Curve — Market Talk
Mining shares and mined commodities tend to outperform when the yield curve steepens, and underperform when it flattens, says Jefferies. "This holds true across physical copper, gold, silver, and platinum, as well as copper and gold equities," the bank says. By comparison, the S&P 500 tends to perf…