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Belly of the swap curve is.................>

US SWAPS
US SWAPS: Belly of the swap curve is outperforming, much like Tsys, with swap
rates a touch lower across the board. Spds vs. Tsys touch wider in the main.
Latest spd levels:
* 2Y +0.46/14.50
* 5Y -0.03/7.00
* 10Y +0.10/2.75
* 30Y +0.27/-16.13
Trades of note included:
- At 00:05GMT there appeared to be a USD100mln payer of USD 5Y at 2.60413%
- At 00:56GMT there appeared to be a USD150mln receiver of USD 5Y at 2.6028%
- At 01:03GMT there appeared to be a USD93.1k DV01 4Y-5Y STEEPENER at 0.125bp
- At 01:03GMT there appeared to be a USD100mln payer of USD 3Y at 2.625%
- At 01:05GMT there appeared to be a USD130mln payer of USD 2Y at 2.69453%
- At 01:12GMT there appeared to be a USD100mln payer of USD 3Y at 2.62625%
- At 01:20GMT there appeared to be a USD130mln payer of USD 2Y at 2.6804%
- At 01:33GMT there appeared to be a USD110mln receiver of USD 5Y at 2.5966%
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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