Copper slipped in early Asia following a strong bounce of more than 2% overnight tracking positive equities and hopes of improving demand in China amid reports of potential easing in its covid-19 restrictions. However, a continued surge in treasury yields led to subsequent pullback by the markets. Concerns about the outlook for interest rates continue to drive yields higher, with Philadelphia Federal Reserve President Patrick Harker saying that he expects the Fed to continue raising rates for a while. COMEX copper is down 0.25% at $3.40 per pound. Powered by Commodity Insights
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