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US SWAPS

TD Enter 5-Year SOFR Swap Spread Tighteners

US TSYS

Early Bid Holds

AUD

Still Heavy

US DATA REACT
US DATA REACT: Jefferies chief financial economist Ward McCarthy said it's a
"primarily positive story about the state of the labor market" in today's JOLTS
report. He noted "June job openings rose 461k to a record 6.163 min. and hires
decreased 103k to 5.356 min." He added "that separations decreased 21k to 4.224
min, including a 72k decline in the number of quits to 3.134 min." 
- He pointed out that "the ratio of job openings to payrolls rose and remains
high at 4% compared with the average to-date this cycle has been 2.9% and so,
there is still plenty of room for job growth despite the 17 mln rise in private
payrolls to-date in this labor market recovery."