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Spd curve continues to notch steeper w/....>

US SWAPS
US SWAPS: Spd curve continues to notch steeper w/ 3M FRA/OIS -3.10, 32.75.
Otherwise, mixed flow with some modest rate paying in short end fading the move
(4s at 2.8975$, 5s at 2.9325%), curve flow includes 2s/5s steepener and 4s5s
flattener, decent $292.6k 4Y-7Y-10Y Fly, receiving the belly. Latest spd levels:
* 2Y  -1.94/19.81
* 5Y  -1.38/7.50
* 10Y -0.94/2.19
* 30Y -0.31/-9.44

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