China Swaps Rise From 19-Month Low on Europe Optimism, Exports

China Swaps Rise From 19-Month Low on Europe Optimism, Exports

Nelson Ching/Bloomberg

Commuters wait to board buses in Beijing. Interest-rate swaps concluded a fifth straight week of losses on June 8 as the People’s Bank of China lowered its one-year lending and deposit rates by a quarter of a percentage point to 6.31 percent and 3.25 percent, respectively.