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Continued swappable corporate issuance.....>

US SWAPS
US SWAPS: Continued swappable corporate issuance weighing on spds, 5Y back near
inversion again. Latest spread levels:
Time(ET)   2Y Swap/Mid   5Y Swap/Mid    10Y Swap/Mid   30Y Swap/Mid
Mon 1600  -1.50/+8.12    -1.12/+0.75    -1.25/-5.25    -1.50/-51.25
Mon Open  +0.38/+10.00   +0.38/+2.25    +0.00/-4.00    -0.25/-50.00
Mon 0700  +0.62/+10.25   +0.12/+2.00    -0.25/-4.25    -0.12/-49.88
Fri 1345  -0.62/+9.69    -1.00/+1.75    -0.50/-4.00    -0.75/-49.75
Friday recap: Spds running tighter across the curve in late Friday trade, modest
deal-tied hedging and two-way positioning ahead the weekend noted. Spds appr
2-4.0 bps tighter vs. prior week's late levels.

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