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***A series of USD payer trades turned.....>

US SWAPS
US SWAPS: ***A series of USD payer trades turned up at around 0820GMT today and
would have helped decline in bond prices from that point. Since 0830GMT most USD
swap flow has been front end receiving. Very little in EUR swaps today 
* At 08:27GMT there appeared to be a USD140mln payer of USD 8Y at 2.85812% 
* At 08:22GMT there appeared to be a USD110mln payer of USD 10Y at 2.9025% 
* At 08:22GMT there appeared to be a USD170mln+ payer of USD 9Y at 2.88125%

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