Mostly wider after the bell, 2Y off late...>

US SWAPS: Mostly wider after the bell, 2Y off late morning highs. Short end spds

continued to surge wider by midday (10Y dis-inverts back to early 2019 levels),

pulling much of the spd curve higher w/the exception of 30Y. Heavy two-way in

2s-5s amid better rate paying on net, some payer unwinds in the mix, 2s10s spd

curve flatteners, decent deal-tied selling as well. Current spd levels:

Thu 1500   +2.19/+7.75    +0.25/+6.25   +0.56/-0.19    -0.50/-41.06

1330       +2.00/+7.56    +0.50/+6.50   +0.62/-0.12    -0.81/-41.38

1115       +3.56/+9.12    +1.56/+7.56   +1.06/+0.31    -0.94/-40.50

0930       +2.75/+8.31    +0.38/+6.38   +0.00/-0.75    -1.19/-40.75

Thu Open   +1.25/+6.81    +0.25/+6.25   +0.00/-0.75    -0.94/-40.50

Thu 0700   +1.06/+6.62    +0.31/+6.31   +0.12/-0.62    -0.69/-40.25

Wed 1500   -0.44/+5.75    -0.37/+6.00   +1.00/-0.75    -0.56/-39.62