Recent Eurodollar Blocks..3K Red packs,....>

US SWAPS: Recent Eurodollar Blocks..3K Red packs, 10k Red Jun20 1y bundles are

likely sales -- and swap related as 2Y swap spd has hit session wides last 20

minutes. No Tsy auctions next week...but corp issuance should ramp up on heels

of multiple financial shares issuing earning (Q4) next week. Latest spd levels:

Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

Fri 2:45    +1.25/15.75   +0.50/8.50     +0.12/2.25    +0.00/-18.62

1:15        +1.00/15.50   +0.50/8.50     +0.19/2.31    -0.12/-18.75

9:15        +0.88/15.38   +0.50/8.50     +0.31/2.44    -0.38/-19.00

Fri Open    +0.25/14.75   +0.25/8.25     +0.12/2.25    -0.50/-19.12

Thu 3:00    -0.56/14.56   +0.31/8.31     -0.31/2.50    -1.69/-18.44

Thursday recap: Spds tighter after the bell, spd curve steepened w/long end

leading way into Tsy bond auction. Mixed front end flow in first half: 1s around

2.771-2.7691%, 5s around 2.61384-2.61484%, payer in 3s at 2.63638%, payers in 5s

earlier, better receiving reported in 10s.