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After a mildly tighter open, spds..........>

US SWAPS
US SWAPS: After a mildly tighter open, spds running mostly wider by the close.
Flow included deal-tied hedging in 5s-10s, light steepener action in 5s vs. long
end, light two-way fly action as well. OTC vol slipped across the grid, 2wk lows
in exchange traded options w/underlying rates finishing near intra-day highs in
the long end, curves flattening. Latest spread levels:
* 2Y  -0.44/17.88
* 5Y  +0.38/3.81
* 10Y +0.56/-1.56
* 30Y +1.00/-20.25

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