September Copper futures experienced a pullback, falling about 3.5 percent over 2 sessions after recently hitting a 6-week high. The decline is largely attributed to rising U.S. Treasury yields, which have reached their highest levels in 2026. Notably, the 10-Year yield climbed to 4.71 percent, marking its highest point since early 2025. This surge in yields has bolstered the dollar, creating a headwind for copper by increasing costs for foreign buyers. Additionally, global copper inventories are showing a distinct split. Overseas stocks are declining as metal moves toward China, while U.S. inventories are hovering near record levels due to traders adjusting storage locations in response to tariff risks.