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Large reported $ swap flow was more........>

US SWAPS
US SWAPS: Large reported $ swap flow was more active than in recent sessions,
with the U.S. 10-Year Tsy yield's break above the monthly high helping to drive
activity.
Latest spd levels:
* 2Y +0.14/22.76
* 5Y +0.04/14.13
* 10Y +0.06/6.75
* 30Y +0.13/-4.25
Trades of note included:
- At 01:03GMT there appeared to be a USD150mln payer of USD 2Y at 2.8435%
- At 01:26GMT there appeared to be a 5Y-7Y-10Y Fly, paying the belly
- At 01:47GMT there appeared to be a USD92.5k 4Y-5Y-6Y Fly, receiving the belly
- At 02:32GMT there appeared to be a USD200mln receiver of USD 2Y at 2.84625%
- At 02:59GMT there appeared to be a USD100mln payer of USD 5Y at 2.92946%
- The 2Y-3Y-5Y fly was actively passed around
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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