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Spd curve reversed early flattening to.....>

US SWAPS
US SWAPS: Spd curve reversed early flattening to steeper from midday on. Modest
spd flow with modest two-way corporate deal and Tsy supply hedges/unwinds.
Modest receiving in 2s and 3s after decent $300M rate payer in 5s from
2.0625-2.2075, $178k 2Y-7Y-10Y Fly, paying the belly. OTC vol steady to mixed --
1M10Y vol w/mild bid still after early Monday NY subway explosion. Latest spread
levels:
* 2Y  -0.88/19.12
* 5Y  +0.12/6.38
* 10Y +0.12/+1.25
* 30Y +0.56/-19.75

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