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Spd curve has reversed early flattening,...>

US SWAPS
US SWAPS: Spd curve has reversed early flattening, now mildly steeper with long
end spds showing little movement heading into midday. Recent flow includes
* appr $300M payer in 5s from 2.0625% to 2.2075%
* $178k 2Y-7Y-10Y Fly, paying the belly

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