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A summary of swap flows going through......>

US SWAPS
US SWAPS: A summary of swap flows going through earlier this morning. Lots of
receiving of the 5Y on curve trades and the odd outright 5Y receiver in European
time zone.
-CURVE TRADES
- At 10:17BST there appeared to be a USD84.3k DV01 5Y-6Y STEEPENER at 6.875bp
- At 10:12BST there appeared to be a USD47.4k DV01 2Y-5Y FLATTENER at 29.625bp
- At 10:09BST there appeared to be a USD47.4k DV01 3Y-5Y FLATTENER at 16.625bp
- At 09:52BST there appeared to be a USD97.2k DV01 5Y-7Y STEEPENER at 13.375bp
- At 09:38BST there appeared to be a USD92k DV01 3Y-4Y STEEPENER at 9.25bp
-OUTRIGHTS
- At 09:28BST there appeared to be a USD100mln receiver of USD 5Y at 2.1229%
- At 03:09BST there appeared to be a USD210mln payer of USD 5Y at 2.12208%

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