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

US SWAPS
US SWAPS: Large reported swap flow has been limited thus far, despite the swings
that have been observed in risk sentiment. The swap curve sits a touch flatter
last, with the short end underperforming as rates edge higher.
- Latest spd levels:
* 2Y +0.22/17.59
* 5Y -0.09/11.75
* 10Y unch./5.63
* 30Y +0.07/-7.75
- Trades of note included:
- At 01:40GMT there appeared to be a USD100mln payer of USD 2Y at 2.9825%
- At 03:33GMT there appeared to be a USD94mln payer of USD 5Y at 3.07725%
- At 06:18GMT there appeared to be a USD70mln payer of USD 5Y at 3.07725%
- At 06:40GMT there appeared to be a USD110.6k 3Y-4Y-5Y Fly, receiving the belly
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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