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Despite return of heavy swappable corp.....>

US SWAPS
US SWAPS: Despite return of heavy swappable corp issuance, spds holding narrow
range, still running mixed  w/spd curve mildly flatter. Light flow over last
couple hours included two-way in short to intermediates, 3s vs. 5s and 10s spd
curve flatteners. Coming into the session: deal-tied paying in short end, 2s10s
spd curve flatteners, 3s5s7s receiver fly and real$ rate and spd receiving in
5s-7s earlier. Latest spd levels:
* 2Y  +0.25/19.75
* 5Y  +0.12/13.88
* 10Y -0.25/6.75
* 30Y -0.38/-6.38

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