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Mildly tighter for the most part, short....>

US SWAPS
US SWAPS: Mildly tighter for the most part, short end resisting move most of
session. Incoming corp supply (notably $20B IBM 8-tranche) contributing to move,
mild two-way in front end w/better rate paying in 2s. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Wed 3:00    +0.06/10.00    -0.31/3.62     -0.31/-1.94   -0.62/-24.88
1:30        -0.12/9.81     -0.44/3.50     -0.50/-2.12   -0.62/-24.88
12:00       +0.44/10.38    -0.12/3.81     -0.25/-1.88   -0.38/-24.62
9:30        +0.44/10.38    -0.25/3.69     -0.50/-2.12   -0.69/-24.94
Wed Open    +0.38/10.31    -0.19/3.62     -0.50/-2.12   -0.69/-24.94
Tue 3:00    -0.62/9.94     -0.69/3.75     -0.06/-2.00   -0.06/-24.81
Tuesday recap: Spds opened/held wider levels into midday, grinding tighter in
second half amid healthy dose of corporate issuance. 

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