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Choppy day for spds, still mixed with......>

US SWAPS
US SWAPS: Choppy day for spds, still mixed with spd curve re-steepening after
midday reversal. Decent two-way flow on net with payer unwinds in 2s-5s post
FOMC. Earlier trade included 2s5s flatteners, payer in 4s at 2.9385%, payer in
5s at 2.96497%; fly trade 2s3s10s and 6s7s10s flys, both receiving the belly.
Earlier payers in s at 2.82392% preceded spd curve steepeners in 3s5s and
5s10s.Latest spd levels:
* 2Y  -0.69/26.31
* 5Y  -0.12/14.19
* 10Y +0.06/6.25
* 30Y +0.19/-5.56

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