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Short end pulling spds running wider.......>

US SWAPS: Short end pulling spds running wider across the board, 7 month highs
in the short end as 2Y spd climbs from near inversion on December 10 to nearly
+12.0 currently, largest 1-month move since March 2018. Near mid-June highs, the
30Y spd still remains inverted. Limited flow includes 1Y receiver at 1.777%,
payer unwinds in 2s around 1.6761%-1.6960%, payers in 5s-10s and 2s4s5s payer
fly. Current spd levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
1130        +0.90/+11.75   +0.62/+3.25   +0.38/-2.88    +0.12/-29.38
1030        +0.88/+11.72   +0.50/+3.12   +0.31/-2.94    +0.00/-29.50
Tue Open    +0.84/+11.69   +0.38/+3.00   +0.25/-3.00    +0.00/-29.50
Mon 1500    +0.94/+10.94   +1.00/+2.50   +0.56/-3.19    -0.50/-29.50

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