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

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