The base metals sector of the commodities market experienced substantial price swings in April. Copper led the way with an early April plunge from the March record high on the nearby futures contract.
In October 2023, U.S. interest rates rose to the highest level since 2007, when the U.S. 30-year Treasury bond (US30Y) futures fell to 107-04. The chart highlights the plunge to a sixteen-year low.
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