US inflation data fails to boost UST yields. US-German spreads narrow. China factories slip into contraction

Short headline: 
NZ swaps lower

By Kymberly Martin

In a fairly quiet day of trading, NZ swaps closed down 1-2 bps across the curve.

Overnight, US 10-year yields traded between 1.87% and 1.92%.

There was little on the domestic front to drive the NZ rates market. Across the Tasman, AU swaps touched their lows for the day around the time of the HSBC China Manufacturing PMI release.

This showed the sector slipping into contraction.

The AU market now prices a further 55 bps of cuts from the RBA in the year ahead, or a cash rate at 1.70%. There was little follow through in NZ markets. The market still prices around 23 bps of RBNZ cuts in the year ahead. NZ 2-year swap ended the day at 3.54%.

Overnight, US 10-year yields briefly spiked higher after the release of US CPI. Although flat on a year ago it was firmer than expected. However, US 10-year yields now sit close to their lows for the night, near 1.88%.

Meanwhile German equivalents have traded up toward 0.24%. US-German spreads have now narrowed to around 164 bps, from as high as 190bps earlier this month.

We believe this spread will be a limiting factor in any sell-off in US Treasuries later in the year as the Fed begins to raise rates.

This morning it will be all eyes on Fonterra’s interim results announcement.

Daily swap rates

//var root_url=”http://www.interest.co.nz/”
var root_url=”http://www.interest.co.nz/charts-csv/” // left untouched for now
var tabs_count=”7″;
var csvfiles_loc= [“/charts-csv/chart_data/interestrates/swap-1yr.csv”,” /charts-csv/chart_data/interestrates/swap-2yr.csv”,” /charts-csv/chart_data/interestrates/swap-3yr.csv”,” /charts-csv/chart_data/interestrates/swap-4yr.csv”,” /charts-csv/chart_data/interestrates/swap-5yr.csv”,” /charts-csv/chart_data/interestrates/swap-7yr.csv”,” /charts-csv/chart_data/interestrates/swap-10yr.csv”];
var chart_title_arr= [“Swap rate”,”Swap rate”,”Swap rate”,”Swap rate”,”Swap rate”,”Swap rate”,”Swap rate”];
var chart_subtitles_arr= [“Opening daily rate”,”Opening daily rate”,”Opening daily rate”,”Opening daily rate”,”Opening daily rate”,”Opening daily rate”,”Opening daily rate”];
var tab_titles_arr= [“1 year %”,”2 years %”,”3 years %”,”4 years %”,”5 years %”,”7 years %”,”10 years %”];
var source_arr= [“Westpac”,”Westpac”,”Westpac”,”Westpac”,”Westpac”,”Westpac”,”Westpac”];
var source_hyperlink_arr= [“http://www.westpac.co.nz”,”http://www.westpac.co.nz”,”http://www.westpac.co.nz”,”http://www.westpac.co.nz”,”http://www.westpac.co.nz”,”http://www.westpac.co.nz”,”http://www.westpac.co.nz”];
var tabswidth=”8″;
var decimal_arr= [“2″,”2″,”2″,”2″,”2″,”2″,”2”];

// variable declaration
var xpad;
var padding_value=0;
var range_selector=0
var loc;
var updt;
var val_num;
var vi=0;
var max_val;
var x;

var finalAr = new Array();
for (var i = 0; i <= tabs_count; i++) {
finalAr[i] = new Array();
}
var flagAr = new Array();
for (var i = 0; i <= tabs_count; i++) {
flagAr[i] =[];
}
var yaxisAr = new Array();
for (var i = 0; i 536)
{
var b = arr.length – 536; // to get last 36 points
}
else if (arr.length < 536)
{
var b = 537 – arr.length;
}
else if(arr.length == 536)
{
var b=2;
}

// to generate the format for date representation in x axis

var timestamweek = 604800000;
var timestamday = 86400000;
var timestammonth30 = 2592000000;
var timestammonth31 = 2678400000;
var timestamyear = 31536000000;
var timestamquarterly = 7776000000;

for (var u=0;u<2;u++) {
arr[u] = parseLineCSV(arr[u]);
fomat= String(arr[u][0]);
var k=0;

//alert(fomat.charAt(k));
do {
k++;
} while(fomat.charAt(k)!="-")
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!="-")
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var yy = "20"+fomat.substring(k2+1,k3+1);
var yy1=fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
{
mm= "01";
}
else if (mm == "Feb")
{
mm= "02";
}

else if (mm == "Mar")
{
mm= "03";
}

else if (mm == "Apr")
{
mm= "04";
}

else if (mm == "May")
{
mm= "05";
}

else if (mm == "Jun")
{
mm= "06";
}

else if (mm == "Jul")
{
mm= "07";
}

else if (mm == " Aug")
{
mm= "08";
}

else if (mm == "Sep")
{
mm= "09";
}

else if (mm == "Oct")
{
mm= "10";
}

else if (mm == "Nov")
{
mm= "11";
}

else if (mm == "Dec")
{
mm= "12";
}

// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date2 = mm+"/"+dd+"/"+yy;

if (u==0)
{
var timestam1 = Date.parse(date2);
}
else if(u==1)
{
var timestam2 = Date.parse(date2);
}
}
var timestamvar = (timestam2- timestam1);
var flagAR_count=0;
for (var i=2;i<arr.length;i++) {
flagAR_count++;
var tempAr = new Array();
var tempAr1 = new Array();
arr[i] = parseLineCSV(arr[i]);
//alert("this is arr[i]="+arr[i]);
if (arr[i]!='')
{

fomat= String(arr[i][0]);
replic=String(arr[i][0]);
//alert("this is the value fomat first cond= "+ fomat);
var k=0;

do {
k++;
} while(fomat.charAt(k)!="-")
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!="-")
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var current_year=""+new Date().getFullYear();
var c_year=Number(current_year.substring(2,4));
var c_data=Number(''+fomat.substring(k2+1,k3+1));
if(c_data c_year)
{
var yy = “19”+fomat.substring(k2+1,k3+1);
}
else if(c_data == c_year)
{
var yy = “20”+fomat.substring(k2+1,k3+1);
}
// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == “Jan”)
{
mm= “01”;
}
else if (mm == “Feb”)
{
mm= “02”;
}

else if (mm == “Mar”)
{
mm= “03”;
}

else if (mm == “Apr”)
{
mm= “04”;
}

else if (mm == “May”)
{
mm= “05”;
}

else if (mm == “Jun”)
{
mm= “06”;
}

else if (mm == “Jul”)
{
mm= “07”;
}

else if (mm == “Aug”)
{
mm= “08”;
}

else if (mm == “Sep”)
{
mm= “09”;
}

else if (mm == “Oct”)
{
mm= “10”;
}

else if (mm == “Nov”)
{
mm= “11”;
}

else if (mm == “Dec”)
{
mm= “12”;
}
// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date = mm+”/”+dd+”/”+yy;
//alert(date);

//alert(flagAr[csvgen_counter]);
//alert(“this is flagAr”+flagAr);

var timestam_1 = Date.parse(date);
var timestam= timestam_1+86400000; //86400000 added to get correct timezone output from Date.parse
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();
var flag_y=arr[i][1];
var ahref_title=”Click here for full story”;
// var url= arr[i][2];
//var url=”http://www.nzherald.co.nz”;
//var flag_date='{“x”: “Date.UTC(‘+yy+’,’+mm2+’,’+dd2+’)”, “y”:’flag_y’, “title”: “On series”}’;
//var flag_date='{“x”:”‘+timestam+'”, “title”:”A”}’;
if(arr[i][2])
{
var url=arr[i][2];
var flag_date='{“x”:’+timestam+’, “title”:”  “,”text”:”Click here for Story!“}’;

//var flag_date='{“x”:”‘+timestam+'”, “title”: “A“}’;
//var flag_date=”{x:Date.UTC(“+yy+”,”+mm2+”,”+dd2+”), title:’On series’}”;
flagAr[csvgen_counter].push(flag_date);
}
var yy2 = time4.getFullYear();
var yy3 = yy2+””;
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
{
Weeko = “Mon”;
}

else if (Weeko==2)
{
Weeko = “Tue”;
}

else if (Weeko==3)
{
Weeko = “Wed”;
}

else if (Weeko==4)
{
Weeko = “Thu”;
}

else if (Weeko==5)
{
Weeko = “Fri”;
}

else if (Weeko==6)
{
Weeko = “Sat”;
}

else if (Weeko==0)
{
Weeko = “Sun”;
}

//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
{
mm2 = “Jan”;
}

else if (mm2==1)
{
mm2 = “Feb”;
}

else if (mm2==2)
{
mm2 = “Mar”;
}

else if (mm2==3)
{
mm2 = “Apr”;
}

else if (mm2==4)
{
mm2 = “May”;
}

else if (mm2==5)
{
mm2 = “Jun”;
}

else if (mm2==6)
{
mm2 = “Jul”;
}

else if (mm2==7)
{
mm2 = “Aug”;
}

else if (mm2==8)
{
mm2 = “Sep”;
}

else if (mm2==9)
{
mm2 = “Oct”;
}

else if (mm2==10)
{
mm2 = “Nov”;
}

else if (mm2==11)
{
mm2 = “Dec”;
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
if ( timestamvar == timestamweek)
{
fomat2=dd2+”-“+mm2+”-“+yy4;
padding_value=timestamweek;
range_selector=2;
}

// Daily
else if ( timestamvar = timestamyear)
{
fomat2=mm2+”-“+yy4;
padding_value=timestamyear;
range_selector=3;
}

//monthly
else if ((timestamvar <= timestammonth30)&&(timestamvar = timestamquarterly)
{
fomat2=mm2+”-“+yy4;
padding_value=timestamquarterly;
range_selector=3;
}

else
{
fomat2=dd2+”-“+mm2+”-“+yy4;
padding_value=timestamday;
range_selector=3;
}

arr[i][0]= fomat2;
//alert(“this is arr[i][0]”+arr[i][0]);
var decpad;
decpad = parseFloat(arr[i][1]);
//arr[i][1] = roundVal(decpad);
arr[i][1] = decpad;

if(i==(arr.length-1))
{

// Functionality to get the last value

var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
//alert(“this is updt= “+updt);
}

tempAr.push(timestam);
if(!arr[i][1])
{
arr[i][1]=null;
}
yaxisAr[csvgen_counter].push(arr[i][1]);
// tempAr1.push(timestam);
// tempAr2.push(tempAr1);
tempAr.push(arr[i][1]);
last_val=timestam;
finalAr[csvgen_counter].push(tempAr);
}
xpad=last_val+padding_value; //*****************to end up graph early//////
//alert(finalAr[csvgen_counter]);
if(arr[i]== “”)
{
vi=arr.length-i;
arr.length=arr.length-vi;
i=arr.length-1;
fomat = replic;

var k=0;

do {
k++;
} while(fomat.charAt(k)!=”-“)
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!=”-“)
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var yy = "20"+fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
{
mm= "01";
}
else if (mm == "Feb")
{
mm= "02";
}

else if (mm == "Mar")
{
mm= "03";
}

else if (mm == "Apr")
{
mm= "04";
}

else if (mm == "May")
{
mm= "05";
}

else if (mm == "Jun")
{
mm= "06";
}

else if (mm == "Jul")
{
mm= "07";
}

else if (mm == "Aug")
{
mm= "08";
}

else if (mm == "Sep")
{
mm= "09";
}

else if (mm == "Oct")
{
mm= "10";
}

else if (mm == "Nov")
{
mm= "11";
}

else if (mm == "Dec")
{
mm= "12";
}
// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date = mm+"/"+dd+"/"+yy;
//here flagAr may be
var timestam = Date.parse(date);
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();

var yy2 = time4.getFullYear();
var yy3 = yy2+"";
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
{
Weeko = "Mon";
}

else if (Weeko==2)
{
Weeko = "Tue";
}

else if (Weeko==3)
{
Weeko = "Wed";
}

else if (Weeko==4)
{
Weeko = "Thu";
}

else if (Weeko==5)
{
Weeko = "Fri";
}

else if (Weeko==6)
{
Weeko = "Sat";
}

else if (Weeko==0)
{
Weeko = "Sun";
}

//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
{
mm2 = "Jan";
}

else if (mm2==1)
{
mm2 = "Feb";
}

else if (mm2==2)
{
mm2 = "Mar";
}

else if (mm2==3)
{
mm2 = "Apr";
}

else if (mm2==4)
{
mm2 = "May";
}

else if (mm2==5)
{
mm2 = "Jun";
}

else if (mm2==6)
{
mm2 = "Jul";
}

else if (mm2==7)
{
mm2 = "Aug";
}

else if (mm2==8)
{
mm2 = "Sep";
}

else if (mm2==9)
{
mm2 = "Oct";
}

else if (mm2==10)
{
mm2 = "Nov";
}

else if (mm2==11)
{
mm2 = "Dec";
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
if ( timestamvar == timestamweek)
{
fomat2=dd2+"-"+mm2+"-"+yy4;
}

// Daily
else if ( timestamvar = timestamyear)
{
fomat2=mm2+”-“+yy4;
}

//monthly
else if ((timestamvar <= timestammonth30)&&(timestamvar = timestamquarterly)
{
fomat2=mm2+”-“+yy4;
}

arr[i][0]= fomat2;
var decpad;

decpad = parseFloat(arr[i][1]);
//arr[i][1] = roundVal(decpad);
arr[i][1] = decpad;
if(i==(arr.length-1))
{

var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
//alert(“this is updt= “+updt);
}
}

}
//alert(finalAr[csvgen_counter]);
}

//other required functions

//chart configuration starts here

function getXMLHttpRequest(file) {

//var arrSignatures = [“MSXML2.XMLHTTP.5.0”, “MSXML2.XMLHTTP.4.0″,
//”MSXML2.XMLHTTP.3.0”, “MSXML2.XMLHTTP”,
//”Microsoft.XMLHTTP”];

//for (var i=0; i < arrSignatures.length; i++) {

try
{
var xmlhttp = new window.XMLHttpRequest();
xmlhttp.open("POST",file,false);
return xmlhttp;
}
catch(e)
{
error=e.message;
}

//}
throw new Error("MSXML is not installed on your system.");
}

function readCSV(locfile) {
// load a whole csv file, and then split it line by line
var req = new getXMLHttpRequest(locfile);
//req.open("POST",locfile,false);
req.send("");
//alert(req.responseText.split(/n/g));
return req.responseText.split(/n/g);
}

function parseLineCSV(lineCSV) {
// parse csv line by line into array
var CSV = new Array();

lineCSV = lineCSV.replace(/,/g," ,");

lineCSV = lineCSV.split(/,/g);

// This is continuing of 'split' issue in IE
// remove all trailing space in each field
for (var i=0;i<lineCSV.length;i++) {
lineCSV[i] = lineCSV[i].replace(/s*$/g,"");
}

lineCSV[lineCSV.length-1]=lineCSV[lineCSV.length-1].replace(/^s*|s*$/g,"");
var fstart = -1;

for (var i=0;i=0) {
for (var j=fstart+1;j<=i;j++) {
lineCSV[fstart]=lineCSV[fstart]+","+lineCSV[j];
lineCSV[j]="-DELETED-";

}
fstart=-1;
}
}
fstart = (lineCSV[i].match(/^"/)) ? i : fstart;
}

var j=0;

for (var i=0;i<lineCSV.length;i++) {
if (lineCSV[i]!="-DELETED-") {
CSV[j] = lineCSV[i];
j++;
}

}

return CSV;
}

function roundVal(val_num){
var dec = 2;
var result = Math.round(val_num*Math.pow(10,dec))/Math.pow(10,dec);
return result;
}

function setdecimalpoints(deca)
{
var deca1= deca;
var deca2= parseInt(deca);
if((deca1-deca2)!=0)
{
return 2;
}
else
{
return 0;
}
}
for(i=0;i<tabs_count;i++)
{
var loc=csvfiles_loc[i];
csvgenerata(loc);
//alert(flagAr[csvgen_counter]);
// var flag_test="["+flagAr[csvgen_counter]+"]";
// alert(flag_test);
}

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jQuery.noConflict();
(function($) {

//alert(xpad);
$.getJSON(‘http://www.highcharts.com/samples/data/jsonp.php?filename=aapl-c.json&callback=?’, function(data) {
var demo = $(“div#mySliderTabs”).sliderTabs({
transition: ‘fade’,
});
for (var i=1;i<=tabs_count;i++)
{
//alert(range_selector);
//alert(finalAr[i]);
var arr_size=finalAr[i].length;
var arr_midpos=Math.floor(arr_size / 2);
var arr_uppermedian_pos=Math.floor((arr_size + arr_midpos)/2);
//alert(arr_uppermedian_pos);
var arr_uppermedian_val=finalAr[i][arr_uppermedian_pos][0];
//alert(finalAr[i][arr_uppermedian_pos][0]);
var oneDay = 24*60*60*1000;
var window_selector=Math.floor((xpad-arr_uppermedian_val)/oneDay);
//alert(window_selector);
var j=i-1;
var flag_test=flagAr[i];
ymax_pad[i]=Math.max.apply(Math, yaxisAr[i]);
ymin_pad[i]=Math.min.apply(Math, yaxisAr[i]);
var margin_max=ymax_pad[i] * 0.1;
var margin_min=ymin_pad[i] * 0.1;
var y_max=ymax_pad[i] + margin_max;
var y_min=ymin_pad[i] – margin_min;

// var ymax=ymax_pad[i];
// var ymin=ymin_pad[i];
// var max_ticks=1000;
// var ticks_int=(ymax-ymin)/max_ticks;
// var ymax_padder=ymax_pad[i]+ticks_int;
// var ymin_padder=ymin_pad[i]-ticks_int;
//alert(ticks_int);
// alert("ymax_pad="+ymax_pad[i]);
// alert("ymax="+ymax);
// alert("ymin_pad="+ymin_pad[i]);
// alert("ymin="+ymin);
$('#container_'+i).highcharts('StockChart', {
chart: {
borderColor: '#000000',
height:363,
width:547,
marginLeft:-3,
marginTop:-43, //takes the chart area up
events: {
load: function() {
this.renderer.image('/sites/all/libraries/InterestHighcharts/images/Interest_logo.gif', 170, 75, 200, 80).add(); // add image(url, x, y, w, h)
}
},
zoomType:'x'
},

credits: {
itemStyle: {
cursor: 'pointer',
color: '#000000',
fontSize: '11px',
fontWeight:'bold'
},
position: {
align: 'right',
x:-50,
verticalAlign: 'bottom',
y:-35
},
text: 'Source:'+source_arr[j],
href: source_hyperlink_arr[j] },

exporting: {
enabled:false, //diables the print button
},

rangeSelector : {
selected : 0,
inputEnabled : false,
buttonTheme:{
display: 'none'
},
labelStyle:{
color: 'transparent'
},
buttons: [{
type: 'day',
count: window_selector,
}, {
type: 'week',
count: 3,
text: '3w'
}, {
type: 'month',
count: 6,
text: '6m'
}, {
type: 'ytd',
text: 'YTD'
}, {
type: 'year',
count: 1,
text: '1y'
}, {
type: 'all',
text: 'All'
}] },

navigator : {
adaptToUpdatedData: false,
xAxis:{
labels:{
enabled: false,
},
},
height: 50,
margin:-2,
series:{
lineColor:'#FF0000',
fillColor : '#FFFFFF'
}
},

title : {
text : chart_title_arr[j],
align: 'left',
x: 26,
verticalAlign: 'top',
//y: 50,
style: {
fontFamily:'Arial,Helvetica,sans-serif',
fontWeight:'bold'
}
},

subtitle : {
text : chart_subtitles_arr[j],
floating:true, //enable us to position the subtitle using 'x' and 'y'
align: 'center',
x:10,
y:15,
style: {
fontFamily:'Arial,Helvetica,sans-serif',
},
},

xAxis: {
type:'datetime',
lineWidth: 20,
// gridLineColor:'#FAFFFF',
// gridLineDashStyle:'Dot',
dateTimeLabelFormats: {
day: '%e-%b',
week: '%e-%b',
month: '%b-%y',
year: '%Y'
},
max:xpad,
events: {
setExtremes: function(e) {
if (e.trigger === "navigator") {
max=e.max+padding_value;
var x=this;
setTimeout(function(){
x.setExtremes(e.min,max); //chart xAxis
}, 4);
}
}
},
labels: {
style: {
color: 'black',
fontSize: '10px',
fontWeight:'bold',
fontFamily:'Arial,Helvetica,sans-serif'
},
y:3
}
},

yAxis: {
opposite: true,
startonTick: true,
endonTick: true,
labels: {
formatter: function() {
return Highcharts.numberFormat(this.value,setdecimalpoints(this.value));
},
style: {
color: 'black',
fontSize: '10px',
fontWeight:'normal'
},
y:-12
}
},

scrollbar: {
liveRedraw: false
},

series : [{
data : finalAr[i],
id: 'dataseries',
lineWidth:3,
pointPlacement: 'on',
zIndex:9999,
name : 'AAPL Stock Price',
shadow:{
width:3,
color:'#000000'
},
lineColor:'#FF0000',
type : 'area',
threshold : null,
tooltip : {
valueDecimals : decimal_arr[i],
useHTML: true,
headerFormat:'

{point.key}
‘,
pointFormat: ‘{point.y}
‘,
footerFormat:’

‘,
},
dataGrouping:{
dateTimeLabelFormats: {
hour:[‘%b-%e,%Y’, ‘%b-%e,%Y’, ”],
day: [‘%b-%e,%Y’, ‘%b-%e,%Y’, ‘-%b %e, %Y’],
week: [‘%e-%b,%Y’, ‘%e-%b,%Y’, ‘-%e %b, %Y’],
month:[‘%b-%y’, ‘%b-%y’, ‘-%b %y %Y’],
year: [‘%Y’, ‘%Y’, ‘-%Y’] }
},
fillColor: {
linearGradient: { x1: 0, y1: 0, x2: 0, y2: 1},
stops: [
[0, ‘#FFD8D5’],
[1, ‘rgba(255,255,255,0)’] ] },
fillOpacity:.01
},
{
type: ‘flags’,
useHTML: true,
name: ‘Flags on series’,
data: JSON.parse(“[“+flag_test+”]”),
onSeries: ‘dataseries’,
shape: “url(/sites/all/libraries/InterestHighcharts/images/balloon.jpg)”,
width : 5,
y: -33 //this is for flag
}]

});
}
});
//$(‘.series’).animate({height: 600, width: 800});

})(jQuery);

These are start-of-day swap rates tracked and reported by a major bank.

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