Copper and Aluminum Advance on Fading Expectations for Rate Hike, 10s +1bp — desk brief, Mon 06 Jul 2026
Treasuries (close 2026-07-02): 2s 4.14% (-3.0bp), 10s 4.49% (+1.0bp), 30s 4.98% (+1.0bp).
Tape (close 2026-07-02): VIX 15.81, 2s10s +35bp.
Narrative: Broadcom Inc. (AVGO) Barely Made The Cut As One Of Jim Cramer’s Best Performing Stocks
What mattered:
• Copper and Aluminum Advance on Fading Expectations for Rate Hike
• Thai Inflation Cools Again, Reinforcing Central Bank’s Rate Hold
• ISM Services Prices Paid: 67.7
• HSBC: USD Pullback Looks Increasingly Fundamentals-Driven - FJElite
• ISM Services Employment Index: 51.2