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Not much to write home about for swaps.....>

US SWAPS
US SWAPS: Not much to write home about for swaps Thu, spds inch wider for most
part, long end lagging and is back to steady by the bell. Tentative
normalization as LIBOR inches higher w/short end adjusting lower as chances of
rate cuts in 2020 recede. Latest spd levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Thu 1500    +0.56/+7.19    +0.38/-0.62   +0.19/-4.94    +0.00/-30.00
1300        +0.19/+6.81    +0.38/-0.62   +0.19/-4.94    +0.12/-29.88
1100        +0.75/+7.38    +0.50/-0.50   +0.19/-4.94    +0.25/-29.75
0930        +0.62/+7.25    +0.50/-0.50   +0.12/-5.00    +0.50/-29.50
Thu Open    +0.75/+7.38    +0.38/-0.62   +0.06/-5.06    +0.25/-29.75
Thu 0715    +0.81/+7.44    +0.25/-0.75   +0.00/-5.12    +0.12/-29.88
Wed 1500    +0.69/+6.75    +0.06/-0.69   -0.38/-5.00    -0.19/-29.44
Wednesday recap: Spds running mixed by Wed's closing bell, spd curve flatter vs.
steepening in Tsy yld curve, wider 2s outpacing 5s on light flow: fast$ payers
in 2s-3s. 

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