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Spds are running mixed, wings forging......>

US SWAPS
US SWAPS: Spds are running mixed, wings forging wider vs. mildly tighter
intermediates. Light volume going into weekend, recent payers in 2s and 5s
(2.011% and 2.21321% resp), 2s6s flattener ($56k DV01) earlier and $100M payer
5s earlier at 2.20987%. Latest spread levels:
* 2Y  +0.81/19.38
* 5Y  -0.12/6.00
* 10Y -0.06/+1.31
* 30Y +0.94/-20.31
Thursday recap: Spds mixed by the bell, spd curve on session flats with wings on
respective highs/lows. Mixed flow earlier on light size w/spds holding narrow
range, long end rate lock followed by unwind. Muni-tied rate receiving out the
curve late. OTC and exchange listed vol off ahead Fri's Nov NFP.

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