Base Metals Consolidate as US Treasury Yields Plunge and UK Offers First RMB-Denominated Bond

BEIJING (SMM): The LME’s annual meeting is under way, and trading this week is likely to be muted. SMM expects base metals markets to consolidate near present lows.

US Market expectations of a further delay in a Fed rate hike grew as the German economy weakened.

US 10-year Treasury yields slumped from 2.19% to 2% in just an hour following the release of disappointing US September retail sales October 15.

10-year Treasury yields bottomed at 1.86% before climbing back to 1.95%.

Courtesy: www.metal.com