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*** After drifting in a relative narrow....>

US SWAPS
US SWAPS: *** After drifting in a relative narrow range for so several weeks,
the 2Y swap spd leads narrowing of spds as it re-inverts: For the first time
ever -- 2yr spd spent most of August and September in inverted territory: mostly
between -0.5 to -2.0 extending all-time "inverted low" of around -4.0 on
September 18. Latest spd levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
1300        -1.56/-0.75    -1.25/-6.31   -0.50/-10.75   +0.12/-39.75
1000        -0.56/+0.25    -0.25/-5.31   +0.12/-10.12   +0.50/-39.38
Tue Open    +0.19/+1.00    +0.06/-5.00   +0.12/-10.12   +0.25/-39.62
Mon 1500    -0.94/+1.06    -0.75/-4.81   -0.72/-10.25   -0.88/-39.88

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