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Flow was relatively heavy at the start.....>

US SWAPS
US SWAPS: Flow was relatively heavy at the start of Asia-Pacific trade, before
petering out. Payers dominated in terms of driving the larger reported flow,
seemingly wanting to fade the latest downtick in swap rates, with the belly
leading the move at the margin.
- Latest spd levels:
- 2Y -0.05/13.70
- 5Y +0.13/8.00
- 10Y +0.25/3.25
- 30Y +0.25/-16.88
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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