> China rate swaps drops most since 2008 as PBOC takes pressure off the rate squeeze

China rate swaps drops most since 2008 as PBOC takes pressure off the rate squeeze

Eamonn Sheridan

Eamonn Sheridan

Wednesday, 26/06/2013 | 00:31 GMT-0

0

Headlines crossing the wires

1-year swap down 36bps to 3.71% (high was 5.06% on June 20)

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This is a positive for AUD/USD, although flows are light so far today

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