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Off early mixed levels, spds have forged...>

US SWAPS
US SWAPS: Off early mixed levels, spds have forged wider across the board, spd
curve steepening out w/long end leading move as Tsy yld curves reverse early
steepening. Flow remains largely two-way in short end, receivers in 5s and 10s,
2s5s10s receiver flys, deal-tied paying in 2s-10s. Interesting to see long end
lead current move but desks not seeing supporting flow for 2.38 move. Latest spd
levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
12:15       +0.16/16.75   +0.50/9.56     +0.75/3.62    +1.81/-19.19
Wed Open    +0.19/16.81   +0.25/9.31     -0.12/2.75    -0.56/-21.56
Wed 7:30    -0.12/16.50   +0.25/9.31     +0.19/3.06    -0.12/-21.12

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