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Spd curve moving steeper w/short end.......>

US SWAPS
US SWAPS: Spd curve moving steeper w/short end compressing further into midday.
Recent flow included
* small receiver $170M 6Y at 2.195% after
* 5Y6Y7Y fly, receiving the belly
* earlier payers on light size (<$200M) in 6- and 10Y (2.2344% and 2.447%
respectively.
Latest spread levels:
* 2Y  -1.38/22.50
* 5Y  -0.19/7.38
* 10Y -0.06/-2.00
* 30Y +0.19/-28.94

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