Copper and 10-Year YIELD: Peas in a Pod

With Copper trading down to levels last seen in July 2009, is it any wonder why 10-year YIELD is on the defensive and pressing towards a test of its prior pullback low at 2.08%?

Regardless of whether the Copper market is suffering from lack of demand, excessive supply (or both), or an absence of Chinese procurement, Dr. Copper remains an eyesore on the global economy.