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Spd curve continues to flatten for third...>

US SWAPS
US SWAPS: Spd curve continues to flatten for third consecutive session. Decent
flow over last hour includes nearly $1B receiver in 1Y at 2.57228-2.573%, payers
in 4s and 5s (2.98875% and 3.03125% respectively), two-way fly trade includes
$291.2k 5Y-7Y-10Y Fly, paying the belly and $291.2k 2Y-3Y-10Y Fly, receiving the
belly. Latest spd levels:
* 2Y  +1.25/24.19
* 5Y  +0.38/10.00
* 10Y +0.06/3.44
* 30Y -0.75/-8.12

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