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***A lot of USD swap flow is curve.........>

US SWAPS
US SWAPS: ***A lot of USD swap flow is curve trading today in market sizes.
Mostly flattening at the front end an steepeners beyond 5Y. Just to give some
flavour: 
* At 12:07GMT there appeared to be a USD51.2k DV01 5Y-10Y STEEPENER at 8.76bp 
* At 11:48GMT there appeared to be a USD25.4k DV01 7Y-10Y STEEPENER at 5.55bp 
* At 11:46GMT there appeared to be a USD43.8k DV01 5Y-10Y FLATTENER at 8.92bp 
* At 11:25GMT there appeared to be a USD60.5k DV01 4Y-5Y FLATTENER at 2.52bp 
* At 10:32GMT there appeared to be a USD60.5k DV01 2Y-5Y FLATTENER at 15.074bp 
* At 10:28GMT there appeared to be a USD60.5k DV01 5Y-30Y STEEPENER at 15.2bp 
* At 10:11GMT there appeared to be a USD60.5k DV01 4Y-5Y FLATTENER at 2.88bp

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