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Futures Slide, Yields Jump On Higher For Longer Concerns

SMM Morning Comments (Dec 21): Base Metals Closed with Gains on Falling US Dollar _SMM

On the macro front, the Bank of Japan unexpectedly raised the Japanese government bond yields, which sent a shock wave across the market. As a result, Japanese yet jumped to a four-month high against the greenback, setting a new record of daily gain over the past 24 years. The falling USD benefited the copper prices.

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