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After a mixed open, spds have compressed...>

US SWAPS
US SWAPS: After a mixed open, spds have compressed across the curve this
morning, sources citing program receiving as Tsy curve resumes descent to new
10+ year lows (2s10s -1.048, 52.376; 5s30s -1.808, 54.813). Additional flow
includes $109.8k DV01 5s7s steepener after appr $100k DV01 2s5s flattener and
10Y switch around 2.351-.35125%. Latest spread levels:
* 2Y  -0.56/19.00
* 5Y  -0.62/4.88
* 10Y -0.69/-1.12
* 30Y -0.50/-20.75

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