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Off early mixed levels, spds running.......>

US SWAPS
US SWAPS: Off early mixed levels, spds running tighter across the board, spd
curve holding flatter even as Tsy curve rebounds late. Spd narrowing on back of
decent supra-sovereign supply today ($6.5B Sultanate of Oman (OMAN) 5s/10s/30s,
IADB priced $3.75B 5Y, total $2B State of Israel w/$1B each 10- and 30Y).
Earlier, sources reported macro fund receiving in 10s, payers in 2s at 2.169%
and 5s at 2.40875%., carry-over macro fund receiving in 10s and 30s. OTC and
exchange traded option vol reversed gains late as underlying moved off lows.
Latest spread levels:
* 2Y  -0.25/19.38
* 5Y  -0.19/4.12
* 10Y -0.56/-1.69
* 30Y -1.00/-21.25

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