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Spd steady to mixed by the bell, spd.......>

US SWAPS
US SWAPS: Spd steady to mixed by the bell, spd curve steeper, long end back to
even late. Light, but consistent receiving in 2s-5s after midday, little/no
action in long end. Two-way option tied flow in shorts to intermediates, no
deal-tied flow, light consolidation in belly earlier. OTC vol inched higher
later in second half, light straddle buying in 1-3M 10Y vol. Latest spread
levels:
* 2Y -0.69/24.19
* 5Y -0.69/5.19
* 10Y +0.38/-6.00
* 30Y +0.00/-34.94

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