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Larger reported flow has been fairly.......>

US SWAPS
US SWAPS: Larger reported flow has been fairly mixed in direction, despite swap
rates moving lower after the elongated holiday weekend. The belly has led the
way, much like in Tsys, with spreads wider in the main. Latest spd levels:
* 2Y +1.19/20.56
* 5Y +0.75/14.00
* 10Y +0.38/6.38
* 30Y +0.25/-9.25
- Trades of note included:
- At 00:40GMT there appeared to be a USD100mln receiver of USD 5Y at 3.13473%
- At 00:41GMT there appeared to be a USD74.7k 3Y-4Y-5Y Fly, receiving the belly
- At 01:01GMT there appeared to be a USD260mln receiver of USD 2Y at 3.09387%
- At 01:01GMT there appeared to be a USD50.2k DV01 2Y-30Y STEEPENER at 16.488bp
- At 01:24GMT there appeared to be a USD200mln payer of USD 5Y at 3.1417%
- At 01:28GMT there appeared to be a USD100mln receiver of USD 5Y at 3.14112%
- At 01:28GMT there appeared to be a USD240mln+ payer of USD 5Y at 3.1442%
- At 01:30GMT there appeared to be a USD100mln receiver of USD 5Y at 3.14112%
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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