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Large reported swap flow has been..........>

US SWAPS
US SWAPS: Large reported swap flow has been limited overnight, despite the move
observed in U.S. Tsys. Shorter dated swaps sit a touch wider against Tsys, while
those with a maturity over 4-Years and over have tightened a little. - The swap
curve sits ever so slightly steeper.
Latest spd levels:
* 2Y +0.52/22.80
* 5Y -0.19/14.50
* 10Y -0.13/6.75
* 30Y -0.10/-4.75
- At 01:03GMT there appeared to be a USD69.4k DV01 2Y-5Y STEEPENER at 6.55bp
- At 02:12GMT there appeared to be a USD170mln payer of USD 3Y at 2.88125%
- At 02:42GMT there appeared to be a USD52mln payer of USD 2Y at 2.82259%
- At 04:24GMT there appeared to be a USD81mln payer of USD 3Y at 2.8725%
- At 04:28GMT there appeared to be a USD88k 2Y-5Y-10Y Fly, paying the belly
- At 05:14GMT there appeared to be a USD240mln receiver of USD 2Y at 2.82625%
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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